CV Holdings’ (CBF) Hold Rating Reaffirmed at Brean Capital

Brean Capital reaffirmed their hold rating on shares of CV Holdings Inc (NYSE:CBF) in a research report sent to investors on Friday.

“Given the operating beat of $0.50 vs. our estimate of $0.49 (consensus was $0.50), we are tweaking our 2017E EPS to $1.96 while our 2018 EPS estimate is unchanged despite some moving parts. The Q3 reported NIM was better than expected; however, earning asset growth and loan trends lagged expectations (partially due to storm disruption), which are essentially offsetting as we move through 2018. Although operating expense efficiency continues to improve, we note that fee income came in below expectations. That said, we still project the operating ROA reaching the company’s targeted 1.1% level in early 2018.”,” the firm’s analyst wrote.

Separately, BidaskClub raised shares of CV Holdings from a hold rating to a buy rating in a research report on Saturday, September 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $42.40.

CV Holdings (NYSE:CBF) traded up 0.85% during mid-day trading on Friday, reaching $41.55. The company had a trading volume of 565,114 shares. The company has a market capitalization of $2.15 billion and a P/E ratio of 27.52. CV Holdings has a one year low of $31.20 and a one year high of $45.00. The stock has a 50 day moving average price of $39.60 and a 200 day moving average price of $39.07.

CV Holdings (NYSE:CBF) last announced its quarterly earnings results on Thursday, October 19th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $99.98 million. On average, equities analysts expect that CV Holdings will post $1.96 earnings per share for the current fiscal year.

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In other CV Holdings news, Director Crestview Partners Ii Gp, L.P. sold 3,042,862 shares of CV Holdings stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $38.02, for a total transaction of $115,689,613.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several large investors have recently bought and sold shares of CBF. State Street Corp raised its holdings in shares of CV Holdings by 39.0% in the 2nd quarter. State Street Corp now owns 1,120,263 shares of the company’s stock worth $42,685,000 after purchasing an additional 314,200 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of CV Holdings by 22.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock worth $5,926,000 after purchasing an additional 24,808 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of CV Holdings in the 1st quarter worth approximately $1,022,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of CV Holdings in the 1st quarter worth approximately $1,022,000. Finally, Geode Capital Management LLC grew its stake in CV Holdings by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock valued at $10,952,000 after buying an additional 20,622 shares in the last quarter.

CV Holdings Company Profile

Capital Bank Financial Corp. operates as the bank holding company for Capital Bank Corporation that provides various commercial and consumer banking products and services, and ancillary financial services to individuals and businesses in the southeastern region of the United States. It offers various deposit products, such as non-interest-bearing checking, interest-bearing checking, savings, money market deposit, and individual retirement accounts; and certificates of deposit.

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