Salem Investment Counselors Inc. Has $152,000 Stake in CV Holdings Inc (CBF)
Salem Investment Counselors Inc. continued to hold its stake in shares of CV Holdings Inc (NYSE:CBF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the company’s stock at the close of the second quarter. Salem Investment Counselors Inc.’s holdings in CV Holdings were worth $152,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CBF. State Street Corp raised its stake in shares of CV Holdings by 33.8% in the 1st quarter. State Street Corp now owns 806,063 shares of the company’s stock worth $34,982,000 after buying an additional 203,778 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of CV Holdings by 22.2% in the first quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock valued at $5,926,000 after buying an additional 24,808 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of CV Holdings in the first quarter valued at $1,022,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of CV Holdings in the first quarter valued at $1,022,000. Finally, Geode Capital Management LLC lifted its holdings in shares of CV Holdings by 8.9% in the first quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock valued at $10,952,000 after buying an additional 20,622 shares during the period.
In other news, Director Crestview Partners Ii Gp, L.P. sold 3,042,862 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $38.02, for a total value of $115,689,613.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
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CV Holdings Inc (NYSE CBF) traded down 0.24% on Wednesday, reaching $41.00. 22,869 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $38.26 and its 200 day moving average price is $39.16. The firm has a market capitalization of $2.12 billion and a PE ratio of 27.15. CV Holdings Inc has a 52-week low of $29.22 and a 52-week high of $45.00.
CV Holdings (NYSE:CBF) last announced its quarterly earnings data on Thursday, July 20th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The firm had revenue of $101.24 million for the quarter, compared to the consensus estimate of $99.11 million. On average, analysts predict that CV Holdings Inc will post $1.96 EPS for the current fiscal year.
A number of research analysts recently issued reports on CBF shares. Zacks Investment Research lowered CV Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BidaskClub upgraded shares of CV Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Finally, Brean Capital reissued a “hold” rating on shares of CV Holdings in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.67.
CV Holdings Profile
Capital Bank Financial Corp. operates as the bank holding company for Capital Bank Corporation that provides various commercial and consumer banking products and services, and ancillary financial services to individuals and businesses in the southeastern region of the United States. It offers various deposit products, such as non-interest-bearing checking, interest-bearing checking, savings, money market deposit, and individual retirement accounts; and certificates of deposit.
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