C1 Financial Inc. (NYSE:BNK) shares traded down 2.7% on Wednesday . The stock traded as low as $23.83 and last traded at $24.05, with a volume of 95,850 shares traded. The stock had previously closed at $24.71.

The firm has a 50-day moving average of $23.47 and a 200-day moving average of $23.68. The company has a market capitalization of $379.80 million and a PE ratio of 24.07.

An institutional investor recently raised its position in C1 Financial stock. Morgan Stanley raised its position in shares of C1 Financial Inc. (NYSE:BNK) by 5.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,257 shares of the financial services provider’s stock after buying an additional 4,502 shares during the period. Morgan Stanley owned 0.58% of C1 Financial worth $2,258,000 at the end of the most recent reporting period.

C1 Financial, Inc is a bank holding company. The Company is focused on serving the needs of entrepreneurs offering relationship banking services to entrepreneurs and their families, including commercial loans and a range of depository products. The Company operates from approximately 30 banking centers and over one loan production office on the West Coast of Florida and in Miami-Dade, Broward and Orange Counties.

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