Cardinal Financial Co. (CFNL) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in Cardinal Financial Co. (NASDAQ:CFNL) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,098 shares of the bank’s stock after selling 6,872 shares during the period. GSA Capital Partners LLP’s holdings in Cardinal Financial were worth $364,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Cardinal Financial by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,190 shares of the bank’s stock worth $188,000 after buying an additional 110 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Cardinal Financial by 1.7% in the third quarter. Anchor Capital Advisors LLC now owns 57,193 shares of the bank’s stock worth $1,492,000 after buying an additional 982 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Cardinal Financial by 5.4% in the fourth quarter. Public Sector Pension Investment Board now owns 23,391 shares of the bank’s stock worth $767,000 after buying an additional 1,200 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Cardinal Financial by 2.8% in the third quarter. Great West Life Assurance Co. Can now owns 46,179 shares of the bank’s stock worth $1,204,000 after buying an additional 1,271 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Cardinal Financial by 6.5% in the fourth quarter. Comerica Bank now owns 34,810 shares of the bank’s stock worth $1,099,000 after buying an additional 2,116 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Cardinal Financial Co. (NASDAQ:CFNL) traded down 0.24% during midday trading on Friday, reaching $29.04. The company’s stock had a trading volume of 5,925,903 shares. 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 52 week low of $20.37 and a 52 week high of $34.75. The stock has a market capitalization of $976.67 million, a PE ratio of 19.76 and a beta of 0.99.

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

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A number of brokerages have issued reports on CFNL. Zacks Investment Research downgraded Cardinal Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 target price on shares of Cardinal Financial in a report on Monday, April 10th.

In other Cardinal Financial news, COO Alice P. Frazier sold 91,333 shares of the firm’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $27.90, for a total value of $2,548,190.70. Following the sale, the chief operating officer now directly owns 37,676 shares in the company, valued at approximately $1,051,160.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director B G. Beck sold 3,850 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $28.47, for a total transaction of $109,609.50. Following the completion of the sale, the director now owns 138,144 shares in the company, valued at $3,932,959.68. The disclosure for this sale can be found here. Insiders have sold a total of 159,757 shares of company stock worth $4,490,601 in the last 90 days. 6.23% of the stock is owned by insiders.

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.