CV Holdings Inc (CBF) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Capital Bank Financial Corp. is a bank holding company focused on creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisitions of other banks, including failed, underperforming and undercapitalized banks. The Bank’s products and services include commercial bank business, consumer bank business, Mortgage Banking, and Private Banking. Its deposit products include non-interest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts. The company’s commercial loans products comprise owner occupied commercial real estate construction and term loans; working capital loans and lines of credit; demand, term, and time loans; and equipment, inventory, and accounts receivable financing. Capital Bank Financial Corp. is based in Coral Gables, Florida. “
CBF has been the topic of several other reports. FBR & Co reissued an outperform rating and set a $42.00 price objective (up from $39.00) on shares of CV Holdings in a research report on Saturday, October 22nd. Piper Jaffray Cos. started coverage on shares of CV Holdings in a research report on Wednesday, November 16th. They set a neutral rating and a $36.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $34.80.
Shares of CV Holdings (NYSE:CBF) opened at 35.95 on Monday. The company has a market cap of $1.55 billion and a price-to-earnings ratio of 25.99. CV Holdings has a 12 month low of $27.12 and a 12 month high of $36.70. The firm has a 50-day moving average of $33.08 and a 200 day moving average of $30.96.
CV Holdings (NYSE:CBF) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.01. On average, analysts expect that CV Holdings will post $1.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, November 7th. This is an increase from CV Holdings’s previous quarterly dividend of $0.10.
Several hedge funds have recently made changes to their positions in the stock. Teachers Advisors Inc. increased its stake in shares of CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock worth $1,378,000 after buying an additional 3,108 shares during the last quarter. Banc Funds Co. LLC increased its stake in shares of CV Holdings by 1.7% in the second quarter. Banc Funds Co. LLC now owns 605,524 shares of the company’s stock worth $17,439,000 after buying an additional 10,000 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of CV Holdings by 2.9% in the third quarter. California Public Employees Retirement System now owns 28,600 shares of the company’s stock worth $918,000 after buying an additional 800 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of CV Holdings by 4.8% in the third quarter. Teachers Advisors LLC now owns 50,124 shares of the company’s stock worth $1,609,000 after buying an additional 2,291 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of CV Holdings by 14.5% in the third quarter. TIAA CREF Investment Management LLC now owns 106,141 shares of the company’s stock worth $3,408,000 after buying an additional 13,431 shares during the last quarter.
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