California First National Bancorp (NASDAQ:cfnb) declared an annual dividend on Friday, November 11th. Stockholders of record on Thursday, December 1st will be given a dividend of 0.46 per share by the financial services provider on Thursday, December 15th. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from California First National Bancorp’s previous annual dividend of $0.44.

California First National Bancorp (NASDAQ:CFNB) opened at 15.70 on Thursday. California First National Bancorp has a 52-week low of $12.76 and a 52-week high of $15.70. The company has a market capitalization of $161.38 million, a price-to-earnings ratio of 18.30 and a beta of 0.48. The stock has a 50 day moving average price of $14.43 and a 200 day moving average price of $14.55.

A number of hedge funds have recently bought and sold shares of CFNB. Northern Trust Corp raised its stake in California First National Bancorp by 0.8% in the third quarter. Northern Trust Corp now owns 31,662 shares of the financial services provider’s stock valued at $442,000 after buying an additional 238 shares during the last quarter. Vanguard Group Inc. raised its stake in California First National Bancorp by 9.2% in the second quarter. Vanguard Group Inc. now owns 47,613 shares of the financial services provider’s stock valued at $704,000 after buying an additional 3,995 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in California First National Bancorp by 19,653.8% in the second quarter. BlackRock Fund Advisors now owns 56,496 shares of the financial services provider’s stock valued at $834,000 after buying an additional 56,210 shares during the last quarter. Institutional investors and hedge funds own 12.67% of the company’s stock.

A number of research analysts recently commented on CFNB shares. RBC Capital Markets reissued an “underperform” rating and issued a $27.00 target price (down previously from $31.00) on shares of California First National Bancorp in a research note on Saturday, October 8th. Scotiabank reissued a “sector perform” rating and issued a $30.00 target price on shares of California First National Bancorp in a research note on Thursday, July 28th. Finally, TD Securities reissued a “hold” rating and issued a $28.00 target price on shares of California First National Bancorp in a research note on Saturday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.75.

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California First National Bancorp Company Profile

California First National Bancorp is a bank holding company. The Company operates through two business segments: CalFirst Leasing and CalFirst Bank. Its primary business is secured financing provided through leasing and financing capital assets, commercial loans acquired through participation in the syndicated commercial loan market, by providing non-recourse loans to third parties secured by leases and equipment, and direct commercial loans.

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