Cardinal Financial Corporation (NASDAQ:CFNL) has been downgraded to Market Perform in a statement by Raymond James Financial Inc. earlier today.
- Updated: September 17, 2016
Having a price of $26.37, Cardinal Financial Corporation (NASDAQ:CFNL) traded 0.85% lower on the day. With the last close up 14.00% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. The company has registered a 50-day average of $26.02 and two hundred day average of $22.52. 275,866 shares of Cardinal Financial Corporation exchanged hands, up from ann avg. trading volume of 248,938
Raymond James Financial Inc. has downgraded Cardinal Financial Corporation(NASDAQ:CFNL) to Market Perform in a statement released Friday August 19 2016.
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Cardinal Financial Corporation has a price-earnings of 18 with a 52 week low of $17.51 and a 52 week high of $28.16 and has a market capitalization of $0.0.
General Company Details For Cardinal Financial Corporation (NASDAQ:CFNL)
Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (the Bank), a Virginia state-chartered community bank. 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. In addition, commercial banking segment provides customers with several choices of deposit products, including demand deposit accounts, savings accounts and certificates of deposit. The mortgage banking segment is engaged in the origination and acquisition of residential mortgages for sale into the secondary market. The wealth management services segment provides investment and financial advisory services to businesses and individuals, including financial planning, and retirement/estate planning and investment management.
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