CV Holdings Inc (CBF) Upgraded to Hold at Zacks Investment Research
According to Zacks, “Capital Bank Financial Corp. is a bank holding company focused on creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisitions of other banks, including failed, underperforming and undercapitalized banks. The Bank’s products and services include commercial bank business, consumer bank business, Mortgage Banking, and Private Banking. Its deposit products include non-interest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts. The company’s commercial loans products comprise owner occupied commercial real estate construction and term loans; working capital loans and lines of credit; demand, term, and time loans; and equipment, inventory, and accounts receivable financing. Capital Bank Financial Corp. is based in Coral Gables, Florida. “
Other equities analysts have also recently issued research reports about the company. Piper Jaffray Cos. started coverage on CV Holdings in a report on Wednesday, November 16th. They issued a neutral rating and a $36.00 target price for the company. FBR & Co reiterated an outperform rating and issued a $42.00 target price (up previously from $39.00) on shares of CV Holdings in a report on Saturday, October 22nd. Finally, Barclays PLC lifted their target price on CV Holdings from $34.00 to $38.00 and gave the stock an overweight rating in a report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CV Holdings currently has an average rating of Hold and a consensus price target of $35.33.
CV Holdings (NYSE:CBF) opened at 35.85 on Tuesday. CV Holdings has a 12-month low of $27.12 and a 12-month high of $36.70. The firm has a 50-day moving average price of $33.57 and a 200-day moving average price of $31.15. The company has a market cap of $1.54 billion and a P/E ratio of 25.92.
CV Holdings (NYSE:CBF) last announced its earnings results on Thursday, October 20th. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.01. On average, equities research analysts forecast that CV Holdings will post $1.66 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Wednesday, November 9th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. This is a boost from CV Holdings’s previous quarterly dividend of $0.10.
A number of institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its position in CV Holdings by 2.9% in the third quarter. California Public Employees Retirement System now owns 28,600 shares of the company’s stock worth $918,000 after buying an additional 800 shares during the last quarter. Teachers Advisors Inc. boosted its position in CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock worth $1,378,000 after buying an additional 3,108 shares during the last quarter. Teachers Advisors LLC boosted its position in CV Holdings by 4.8% in the third quarter. Teachers Advisors LLC now owns 50,124 shares of the company’s stock worth $1,609,000 after buying an additional 2,291 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in CV Holdings by 14.5% in the third quarter. TIAA CREF Investment Management LLC now owns 106,141 shares of the company’s stock worth $3,408,000 after buying an additional 13,431 shares during the last quarter. Finally, Phocas Financial Corp. boosted its position in CV Holdings by 6.5% in the third quarter. Phocas Financial Corp. now owns 184,971 shares of the company’s stock worth $5,939,000 after buying an additional 11,275 shares during the last quarter.
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