Revenue Update on Capital Bank Financial Corp(NASDAQ:CBF)

Capital Bank Financial Corp(NASDAQ:CBF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $73.32M. Analysts estimated a revenue of $78.41M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.38.

In a different note, Credit Suisse said it Initiates Coverage on Capital Bank Financial Corp, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Neutral’ by the firm.

Capital Bank Financial Corp (CBF) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.03 points. Due to strong positive momentum, the stock ended at $30.08, which is also near the day’s high of $30.3. The stock began the session at $30.24 and the volume stood at 81,397 shares. The 52-week high of the shares is $35.95 and the 52 week low is $27.12. The company has a current market capitalization of $1,299 M and it has 4,31,89,394 shares in outstanding.

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.

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