CV Holdings Inc (CBF) Upgraded at BidaskClub
CV Holdings Inc (NYSE:CBF) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of CV Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Brean Capital restated a “hold” rating on shares of CV Holdings in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.67.
Shares of CV Holdings (CBF) opened at 41.25 on Tuesday. CV Holdings has a one year low of $29.22 and a one year high of $45.00. The stock has a market capitalization of $2.13 billion and a P/E ratio of 27.32. The stock has a 50 day moving average price of $38.18 and a 200 day moving average price of $39.18.
CV Holdings (NYSE:CBF) last announced its quarterly earnings results on Thursday, July 20th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The business had revenue of $101.24 million during the quarter, compared to analyst estimates of $99.11 million. Equities analysts forecast that CV Holdings will post $1.96 earnings per share for the current year.
In related news, Director Crestview Partners Ii Gp, L.P. sold 3,042,862 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $38.02, for a total transaction of $115,689,613.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors have recently added to or reduced their stakes in CBF. TIAA CREF Investment Management LLC increased its position in CV Holdings by 22.2% during the first quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock worth $5,926,000 after buying an additional 24,808 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of CV Holdings in the 1st quarter valued at $1,022,000. Marshall Wace North America L.P. acquired a new position in shares of CV Holdings in the 1st quarter valued at $1,022,000. Geode Capital Management LLC increased its holdings in shares of CV Holdings by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock valued at $10,952,000 after acquiring an additional 20,622 shares during the period. Finally, State Street Corp raised its position in CV Holdings by 33.8% in the 1st quarter. State Street Corp now owns 806,063 shares of the company’s stock valued at $34,982,000 after purchasing an additional 203,778 shares during the last quarter.
About CV Holdings
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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