CV Holdings Inc (CBF) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of CV Holdings Inc (NYSE:CBF) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $46.00 price objective on the stock.
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. “
A number of other research firms have also weighed in on CBF. Barclays PLC reissued a buy rating and set a $42.00 price objective on shares of CV Holdings in a research note on Sunday, January 29th. Piper Jaffray Companies started coverage on CV Holdings in a research note on Wednesday, November 16th. They set a neutral rating and a $36.00 price objective for the company. Finally, Brean Capital started coverage on CV Holdings in a research note on Friday, February 24th. They set a buy rating and a $46.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $40.83.
Shares of CV Holdings (NYSE:CBF) opened at 44.05 on Tuesday. The company has a market cap of $2.27 billion and a price-to-earnings ratio of 34.41. CV Holdings has a 52 week low of $27.71 and a 52 week high of $45.00. The firm’s 50-day moving average is $40.16 and its 200-day moving average is $36.25.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Monday, February 6th.
Several hedge funds have recently added to or reduced their stakes in CBF. Banc Funds Co. LLC raised its stake in CV Holdings by 8.0% in the third quarter. Banc Funds Co. LLC now owns 654,224 shares of the company’s stock worth $21,007,000 after buying an additional 48,700 shares during the period. State Street Corp raised its stake in shares of CV Holdings by 32.5% in the fourth quarter. State Street Corp now owns 602,285 shares of the company’s stock worth $23,640,000 after buying an additional 147,865 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of CV Holdings during the fourth quarter worth approximately $15,364,000. Phocas Financial Corp. raised its stake in shares of 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. Finally, California Public Employees Retirement System raised its stake in shares of 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.
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