Insider Selling: “Capital Bank Financial Corp.” (CBF) Director Sells 6,618 Shares of Stock
“Capital Bank Financial Corp.” (NYSE:CBF) Director Marc D. Oken sold 6,618 shares of “Capital Bank Financial Corp.” stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $40.33, for a total transaction of $266,903.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
“Capital Bank Financial Corp.” (NYSE:CBF) last announced its quarterly earnings data on Thursday, October 19th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $99.98 million.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of Infinity.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of “Capital Bank Financial Corp.” from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Brean Capital restated a “hold” rating on shares of “Capital Bank Financial Corp.” in a report on Friday, October 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.00.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors lifted its holdings in shares of “Capital Bank Financial Corp.” by 11.4% in the 2nd quarter. Nationwide Fund Advisors now owns 20,118 shares of the company’s stock worth $766,000 after acquiring an additional 2,052 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of “Capital Bank Financial Corp.” in the 2nd quarter worth approximately $253,000. Teachers Advisors LLC lifted its holdings in shares of “Capital Bank Financial Corp.” by 18.9% in the 2nd quarter. Teachers Advisors LLC now owns 78,840 shares of the company’s stock worth $3,004,000 after acquiring an additional 12,520 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of “Capital Bank Financial Corp.” by 42.9% in the 3rd quarter. Engineers Gate Manager LP now owns 56,567 shares of the company’s stock worth $2,322,000 after acquiring an additional 16,983 shares during the last quarter. Finally, Magnetar Financial LLC lifted its holdings in shares of “Capital Bank Financial Corp.” by 8.8% in the 3rd quarter. Magnetar Financial LLC now owns 1,506,150 shares of the company’s stock worth $61,827,000 after acquiring an additional 121,186 shares during the last quarter.
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“Capital Bank Financial Corp.” Company Profile
Capital Bank Financial Corp. operates as the bank holding company for Capital Bank Corporation that provides various commercial and consumer banking products and services, and ancillary financial services to individuals and businesses in the southeastern region of the United States. It offers various deposit products, such as non-interest-bearing checking, interest-bearing checking, savings, money market deposit, and individual retirement accounts; and certificates of deposit.
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