Credit Suisse Initiates Coverage on Capital Bank Financial Corp to Neutral

Credit Suisse Initiates Coverage on Capital Bank Financial Corp(NASDAQ:CBF). The shares have been rated Neutral. The rating by Credit Suisse was issued on Jun 29, 2016.

Capital Bank Financial Corp (CBF) shares turned negative on Fridays trading session with the shares closing down -0.3 points or -1.04% at a volume of 1,46,826. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.73. The peak price level was also seen at $28.73 while the days lowest was $28.37. Finally the shares closed at $28.5. The 52-week high of the shares is $35.95 while the 52-week low is $27.12. According to the latest information available, the market cap of the company is $1,231 M.

Capital Bank Financial Corp(CBF) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $73.07M. Analysts had an estimated revenue of $72.85M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Dec 3, 2015, Oscar A Iii Keller (director) sold 2,200 shares at $33.81 per share price.Also, On Aug 3, 2015, Martha M Bachman (director) sold 8,100 shares at $29.66 per share price.On Apr 28, 2015, Kenneth A. Posner (officer ) purchased 3,500 shares at $27.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Capital Bank Financial Corp. (CBF) is a bank holding company whose business is conducted primarily through Capital Bank National Association (Capital Bank NA or the Bank). The Company operates 162 full service banking offices located in Florida North Carolina South Carolina Tennessee and Virginia. Through its branches the Company offers a range of commercial and consumer loans and deposits as well as ancillary financial services. The Company focuses its commercial bank business on loan originations for small and middle-market businesses. The consumer bank business line consists of Capital Bank’s retail banking branches and associated businesses. Its mortgage banking capabilities include conventional and nonconforming mortgage underwriting and construction and permanent financing. Through wealth management the Company offers investment accounts providing access to mutual funds annuities and other financial products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *