OMERS ADMINISTRATION Corp increased its stake in shares of Cardinal Financial Co. (NASDAQ:CFNL) by 20.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,009 shares of the bank’s stock after buying an additional 35,749 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Cardinal Financial were worth $6,318,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CFNL. Envestnet Asset Management Inc. boosted its position in shares of Cardinal Financial by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 16,481 shares of the bank’s stock valued at $492,000 after buying an additional 1,575 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Cardinal Financial by 7.9% in the first quarter. Mason Street Advisors LLC now owns 7,734 shares of the bank’s stock valued at $232,000 after buying an additional 565 shares in the last quarter. Context BH Capital Management LP bought a new position in shares of Cardinal Financial during the first quarter valued at about $503,000. Kassirer Asset Management Corp boosted its position in shares of Cardinal Financial by 20.3% in the first quarter. Kassirer Asset Management Corp now owns 50,000 shares of the bank’s stock valued at $1,497,000 after buying an additional 8,421 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of Cardinal Financial by 30.8% in the first quarter. State of Wisconsin Investment Board now owns 140,173 shares of the bank’s stock valued at $4,197,000 after buying an additional 33,000 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Institutional Ownership by Quarter for Cardinal Financial (NASDAQ:CFNL)

Shares of Cardinal Financial Co. (NASDAQ:CFNL) remained flat at $29.04 during midday trading on Friday. The firm’s 50-day moving average price is $29.54 and its 200-day moving average price is $30.10. Cardinal Financial Co. has a 12-month low of $20.37 and a 12-month high of $34.75.

Cardinal Financial (NASDAQ:CFNL) last posted its quarterly earnings results on Tuesday, April 11th. The bank reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by $0.06. Cardinal Financial had a net margin of 22.75% and a return on equity of 12.11%. The business had revenue of $45.68 million during the quarter, compared to the consensus estimate of $48.46 million. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts expect that Cardinal Financial Co. will post $1.65 EPS for the current year.

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Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 price target on shares of Cardinal Financial in a research report on Monday, April 10th.

In other news, CFO Mark A. Wendel sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $31.49, for a total value of $47,235.00. Following the completion of the sale, the chief financial officer now owns 17,425 shares in the company, valued at approximately $548,713.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William G. Buck sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $28.11, for a total transaction of $281,100.00. Following the completion of the sale, the director now owns 193,605 shares of the company’s stock, valued at approximately $5,442,236.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,870 shares of company stock valued at $4,400,383. Company insiders own 6.23% of the company’s stock.

Cardinal Financial Company Profile

Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (the Bank), a Virginia state-chartered community bank. The Bank operates in three business segments: commercial banking, mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers such products as commercial loans, real estate loans, and other business financing and consumer loans.

5 Day Chart for NASDAQ:CFNL

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