Shares of Cardinal Financial Corp. (NASDAQ:CFNL) fell 2.5% on Thursday . The company traded as low as $25.64 and last traded at $26.54, with a volume of 834,025 shares. The stock had previously closed at $27.23.

A number of brokerages have weighed in on CFNL. Raymond James Financial Inc. cut Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research raised Cardinal Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Cardinal Financial Corp. has an average rating of “Hold” and an average target price of $22.60.

The firm has a market capitalization of $855.94 million and a price-to-earnings ratio of 18.56. The firm has a 50-day moving average of $24.26 and a 200-day moving average of $21.59.

Cardinal Financial Corp. (NASDAQ:CFNL) last posted its earnings results on Wednesday, July 20th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. During the same quarter in the prior year, the firm posted $0.40 EPS. Equities analysts forecast that Cardinal Financial Corp. will post $1.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Thursday, August 4th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.82%.

In other Cardinal Financial Corp. news, CFO Mark A. Wendel sold 15,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $21.10, for a total transaction of $316,500.00. Following the sale, the chief financial officer now owns 32,534 shares of the company’s stock, valued at $686,467.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several hedge funds recently bought and sold shares of CFNL. Rhumbline Advisers boosted its stake in Cardinal Financial Corp. by 3.5% in the fourth quarter. Rhumbline Advisers now owns 50,015 shares of the company’s stock worth $1,138,000 after buying an additional 1,710 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Cardinal Financial Corp. by 6.8% in the fourth quarter. New York State Common Retirement Fund now owns 89,479 shares of the company’s stock valued at $2,036,000 after buying an additional 5,662 shares in the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in shares of Cardinal Financial Corp. during the fourth quarter valued at $2,994,000.

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.

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