Zacks: Analysts Anticipate Capital Bank Financial Corp. (CBF) to Post $0.48 EPS
Equities research analysts forecast that Capital Bank Financial Corp. (NYSE:CBF) will post $0.48 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Capital Bank Financial’s earnings. Capital Bank Financial posted earnings per share of $0.44 in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Capital Bank Financial will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.89 to $1.94. For the next year, analysts anticipate that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.14 to $2.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Capital Bank Financial.
Capital Bank Financial (NYSE:CBF) last posted its earnings results on Thursday, October 19th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $100.69 million during the quarter, compared to the consensus estimate of $99.98 million.
A number of research analysts have recently weighed in on CBF shares. BidaskClub lowered Capital Bank Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Brean Capital restated a “hold” rating on shares of Capital Bank Financial in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Capital Bank Financial currently has an average rating of “Hold” and a consensus price target of $44.00.
Capital Bank Financial (NYSE:CBF) remained flat at $$0.22 during mid-day trading on Wednesday.
The business also recently announced 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 was Thursday, November 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 216.22%.
In related news, Director Crestview Partners Ii Gp, L.P. sold 3,042,862 shares of Capital Bank Financial stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $38.02, for a total transaction of $115,689,613.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marc D. Oken sold 6,618 shares of Capital Bank Financial stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $40.33, for a total value of $266,903.94. The disclosure for this sale can be found here. Insiders sold 5,549,480 shares of company stock worth $210,956,517 in the last 90 days.
A number of institutional investors have recently modified their holdings of CBF. Tudor Investment Corp ET AL bought a new stake in Capital Bank Financial during the second quarter worth $253,000. Nationwide Fund Advisors lifted its holdings in Capital Bank Financial by 11.4% during the second 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 period. Engineers Gate Manager LP lifted its holdings in Capital Bank Financial by 42.9% during the third 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 period. Teachers Advisors LLC lifted its holdings in Capital Bank Financial by 18.9% during the second 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 period. Finally, State Street Corp lifted its holdings in Capital Bank Financial by 33.8% during the first quarter. State Street Corp now owns 806,063 shares of the company’s stock worth $34,982,000 after acquiring an additional 203,778 shares during the period.
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Capital Bank Financial 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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