CV Holdings Inc (CBF) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of CV Holdings Inc (NYSE:CBF) from a hold rating to a sell rating in a research note published on Thursday.

According to Zacks, “Capital Bank Financial Corp. is a bank holding company focused on creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisitions of other banks, including failed, underperforming and undercapitalized banks. The Bank’s products and services include commercial bank business, consumer bank business, Mortgage Banking, and Private Banking. Its deposit products include non-interest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts. The company’s commercial loans products comprise owner occupied commercial real estate construction and term loans; working capital loans and lines of credit; demand, term, and time loans; and equipment, inventory, and accounts receivable financing. Capital Bank Financial Corp. is based in Coral Gables, Florida. “

Separately, Credit Suisse Group AG reaffirmed a hold rating on shares of CV Holdings in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $33.00.

CV Holdings (NYSE:CBF) opened at 31.90 on Thursday. CV Holdings has a one year low of $27.12 and a one year high of $35.95. The stock has a market cap of $1.37 billion and a price-to-earnings ratio of 24.65. The firm has a 50-day moving average price of $31.62 and a 200-day moving average price of $30.41.

CV Holdings (NYSE:CBF) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. On average, equities analysts predict that CV Holdings will post $1.68 earnings per share for the current year.

In other news, Director Martha M. Bachman sold 39,369 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $29.03, for a total value of $1,142,882.07. Following the sale, the director now directly owns 21,183 shares in the company, valued at $614,942.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. acquired a new position in CV Holdings during the first quarter valued at $180,000. Teachers Advisors Inc. increased its position in CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock valued at $1,378,000 after buying an additional 3,108 shares during the period. Finally, Banc Funds Co. LLC increased its position in CV Holdings by 1.7% in the second quarter. Banc Funds Co. LLC now owns 605,524 shares of the company’s stock valued at $17,439,000 after buying an additional 10,000 shares during the period.

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