Bank of America Corp DE Purchases 34,268 Shares of Cardinal Financial Co. (CFNL)
Bank of America Corp DE boosted its position in Cardinal Financial Co. (NASDAQ:CFNL) by 62.8% during the first quarter, Holdings Channel reports. The fund owned 88,813 shares of the bank’s stock after buying an additional 34,268 shares during the period. Bank of America Corp DE’s holdings in Cardinal Financial were worth $2,659,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CFNL. Schwab Charles Investment Management Inc. increased its stake in Cardinal Financial by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 133,842 shares of the bank’s stock worth $4,008,000 after buying an additional 7,665 shares during the last quarter. BlackRock Inc. increased its stake in Cardinal Financial by 54,679.4% in the first quarter. BlackRock Inc. now owns 4,055,316 shares of the bank’s stock worth $121,416,000 after buying an additional 4,047,913 shares during the last quarter. Geode Capital Management LLC increased its stake in Cardinal Financial by 2.4% in the first quarter. Geode Capital Management LLC now owns 265,843 shares of the bank’s stock worth $7,959,000 after buying an additional 6,205 shares during the last quarter. Vanguard Group Inc. increased its stake in Cardinal Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 1,705,734 shares of the bank’s stock worth $51,069,000 after buying an additional 100,102 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in Cardinal Financial during the first quarter worth $431,000. Institutional investors own 75.24% of the company’s stock.
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.
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