Shares of C1 Financial Inc. (NYSE:BNK) dropped 2.7% during mid-day trading 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 stock has a 50 day moving average of $23.45 and a 200 day moving average of $23.68. The firm has a market cap of $376.58 million and a price-to-earnings ratio of 23.87.

An institutional investor recently bought a new position in C1 Financial stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of C1 Financial Inc. (NYSE:BNK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 50,972 shares of the financial services provider’s stock, valued at approximately $1,234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.32% of C1 Financial as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.