CV Holdings Inc (CBF) Upgraded to Hold at Zacks Investment Research
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. “
Other analysts have also issued research reports about the company. Piper Jaffray Cos. started coverage on CV Holdings in a research note on Wednesday, November 16th. They set a neutral rating and a $36.00 price objective for the company. FBR & Co reissued an outperform rating and set a $42.00 price objective (up previously from $39.00) on shares of CV Holdings in a research note on Saturday, October 22nd. Finally, Barclays PLC increased their price objective on CV Holdings from $34.00 to $38.00 and gave the company an overweight rating in a research note on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CV Holdings presently has an average rating of Hold and a consensus price target of $35.33.
Shares of CV Holdings (NYSE:CBF) opened at 35.85 on Tuesday. The company has a 50-day moving average of $33.57 and a 200 day moving average of $31.15. The firm has a market cap of $1.54 billion and a P/E ratio of 25.92. CV Holdings has a 52-week low of $27.12 and a 52-week high of $36.70.
CV Holdings (NYSE:CBF) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.01. On average, equities analysts expect that CV Holdings will post $1.66 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Wednesday, November 9th were issued a $0.12 dividend. This is an increase from CV Holdings’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%.
A number of institutional investors have recently bought and sold shares of CBF. Phocas Financial Corp. increased its position in CV Holdings by 6.5% in the third quarter. Phocas Financial Corp. now owns 184,971 shares of the company’s stock worth $5,939,000 after buying an additional 11,275 shares during the period. Banc Funds Co. LLC increased its position in CV Holdings by 8.0% in the third quarter. Banc Funds Co. LLC now owns 654,224 shares of the company’s stock worth $21,007,000 after buying an additional 48,700 shares during the period. TIAA CREF Investment Management LLC increased its position in 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 period. Teachers Advisors LLC increased its position in 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 period. Finally, California Public Employees Retirement System increased its position in 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 period.
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