CV Holdings Inc (CBF) Rating Increased to Strong-Buy at BidaskClub
CV Holdings Inc (NYSE:CBF) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.
Separately, Brean Capital restated a “hold” rating on shares of CV Holdings in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.40.
Shares of CV Holdings (CBF) traded up 0.548% during trading on Tuesday, reaching $41.275. 211,976 shares of the company traded hands. The firm’s 50-day moving average is $38.35 and its 200-day moving average is $39.18. The stock has a market capitalization of $2.13 billion and a PE ratio of 27.334. CV Holdings has a 12-month low of $29.22 and a 12-month high of $45.00.
CV Holdings (NYSE:CBF) last released its quarterly earnings results on Thursday, July 20th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $101.24 million during the quarter, compared to analysts’ expectations of $99.11 million. On average, equities analysts predict that CV Holdings will post $1.96 earnings per share for the current fiscal year.
In related news, Director Crestview Partners Ii Gp, L.P. sold 2,500,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $38.00, for a total transaction of $95,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Institutional investors have recently modified their holdings of the business. State Street Corp increased its position in CV Holdings by 33.8% during 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 period. Geode Capital Management LLC increased its position in CV Holdings by 8.9% during the 1st quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock valued at $10,952,000 after purchasing an additional 20,622 shares during the period. TIAA CREF Investment Management LLC increased its position in CV Holdings by 22.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock valued at $5,926,000 after purchasing an additional 24,808 shares during the period. Marshall Wace North America L.P. purchased a new position in CV Holdings during the 1st quarter valued at $1,022,000. Finally, Tudor Investment Corp ET AL purchased a new position in CV Holdings during the 2nd quarter valued at $253,000.
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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