Alliancebernstein L.P. lowered its stake in California First National Bancorp (NASDAQ:CFNB) by 38.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 24,435 shares of the financial services provider’s stock after selling 15,075 shares during the period. Alliancebernstein L.P. owned 0.24% of California First National Bancorp worth $396,000 as of its most recent SEC filing.
Separately, Bank of New York Mellon Corp boosted its position in shares of California First National Bancorp by 31.3% in the first quarter. Bank of New York Mellon Corp now owns 15,635 shares of the financial services provider’s stock worth $253,000 after buying an additional 3,727 shares during the period. Institutional investors own 12.60% of the company’s stock.
Shares of California First National Bancorp (NASDAQ CFNB) traded up 0.62% on Friday, reaching $16.30. 448 shares of the company were exchanged. The firm has a 50 day moving average price of $17.28 and a 200-day moving average price of $16.59. California First National Bancorp has a 12-month low of $13.76 and a 12-month high of $19.40. The stock has a market capitalization of $167.55 million, a PE ratio of 15.09 and a beta of 0.54.
California First National Bancorp (NASDAQ:CFNB) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.24 earnings per share for the quarter. The business had revenue of $6.15 million for the quarter. California First National Bancorp had a net margin of 30.30% and a return on equity of 5.78%. On average, analysts predict that California First National Bancorp will post $0.62 EPS for the current fiscal year.
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About California First National Bancorp
California First National Bancorp is a bank holding company of California First National Bank (CalFirst Bank or the Bank) and leasing subsidiary, California First Leasing Corp (CalFirst Leasing). The primary business of the Company is secured financing provided through leasing and financing capital assets, commercial loans acquired through participation in the syndicated commercial loan market, by providing non-recourse loans to third parties secured by leases and equipment, and direct commercial loans.
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