Fj Capital Management buys $12,602,800 stake in Cardinal Financial Corporation (CFNL)

Cardinal Financial Corporation (CFNL) : Fj Capital Management scooped up 47,000 additional shares in Cardinal Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 490,000 shares of Cardinal Financial Corporation which is valued at $12,602,800.Cardinal Financial Corporation makes up approximately 2.37% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Jupiter Asset Management Ltd reduced its stake in CFNL by selling 5,636 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 293,827 shares of CFNL which is valued at $7,557,230. Cardinal Financial Corporation makes up approx 0.30% of Jupiter Asset Management Ltd’s portfolio.Blackrock Investment Management boosted its stake in CFNL in the latest quarter, The investment management firm added 12,648 additional shares and now holds a total of 150,832 shares of Cardinal Financial Corporation which is valued at $3,879,399.Tributary Capital Management boosted its stake in CFNL in the latest quarter, The investment management firm added 55,177 additional shares and now holds a total of 542,678 shares of Cardinal Financial Corporation which is valued at $13,990,239. Cardinal Financial Corporation makes up approx 1.94% of Tributary Capital Management’s portfolio.Nordea Investment Management Ab reduced its stake in CFNL by selling 700 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 1,201,790 shares of CFNL which is valued at $27,689,242. Cardinal Financial Corporation makes up approx 0.08% of Nordea Investment Management Ab’s portfolio.

Cardinal Financial Corporation opened for trading at $26.39 and hit $26.65 on the upside on Monday, eventually ending the session at $26.46, with a gain of 0.57% or 0.15 points. The heightened volatility saw the trading volume jump to 7,98,532 shares. Company has a market cap of $859 M.

On the company’s financial health, Cardinal Financial Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.36.Analysts expectations of $ 45.00.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Cardinal Financial Corporation. Cardinal Financial Corporation was Downgraded by Keefe Bruyette to ” Mkt Perform” on Aug 22, 2016. Cardinal Financial Corporation was Downgraded by Raymond James to ” Mkt Perform” on Aug 19, 2016.

Cardinal Financial Corporation is a financial holding company. The Company through its subsidiary Cardinal Bank (the Bank) offers traditional bank loan and deposit products and services to both commercial and retail customers with 32 banking offices located in Northern Virginia Maryland and the greater Washington District of Columbia metropolitan area. The Bank operates in three business segments: commercial banking mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers such products as commercial loans real estate loans and other business financing and consumer loans. The mortgage banking segment is engaged in the origination and acquisition of residential mortgages for sale into the secondary market on a best efforts basis. The wealth management services segment provides investment and financial advisory services to businesses and individuals.

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