Capital Bank Financial Corp. (CBF) Sees Large Increase in Short Interest
Capital Bank Financial Corp. (NASDAQ:CBF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,698,670 shares, a growth of 559.0% from the August 15th total of 409,488 shares. Based on an average trading volume of 627,029 shares, the days-to-cover ratio is presently 4.3 days. Approximately 9.3% of the shares of the company are sold short.
Shares of Capital Bank Financial Corp. (NASDAQ:CBF) opened at 38.70 on Tuesday. The firm has a 50-day moving average price of $37.69 and a 200-day moving average price of $39.27. Capital Bank Financial Corp. has a 12-month low of $29.22 and a 12-month high of $45.00. The firm has a market cap of $2.00 billion, a P/E ratio of 25.63 and a beta of 0.46.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.24%. Capital Bank Financial Corp.’s payout ratio is currently 32.00%.
Several brokerages recently weighed in on CBF. BidaskClub downgraded Capital Bank Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods set a $41.00 price target on Capital Bank Financial Corp. in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Capital Bank Financial Corp. currently has an average rating of “Hold” and an average target price of $43.33.
About Capital Bank Financial Corp.
Capital Bank Financial Corp. is a bank holding company whose business is conducted through Capital Bank Corporation (the Bank). The Company, through its branches, offers a range of commercial and consumer loans and deposits, as well as ancillary financial services. It offers a range of commercial loan products, including owner occupied and non-owner occupied commercial real estate; construction; working capital loans and lines of credit; demand and time loans, and equipment, inventory and accounts receivable financing.
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