In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cardinal Financial Corp (NASDAQ:CFNL) reported that Eagle Asset Management Inc. has picked up 126 of common stock as of 2016-12-16.
The acquisition brings the aggregate amount owned by Eagle Asset Management Inc. to a total of 126 representing a 0.00 % stake in the company.
For those not familiar with the company, 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.
A glance at Cardinal Financial Corp (NASDAQ:CFNL)’s key stats reveals a current market capitalization of $1.07 billion based on 32.81 million shares outstanding and a price at last close of $32.07 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-16, Starr picked up 1,000 at a purchase price of $19.08. This brings their total holding to 75,630 as of the date of the filing.
On the sell side, the most recent transaction saw Clineburg unload 223,329 shares at a sale price of $26.50. This brings their total holding to 336,744. .
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cardinal Financial Corp (NASDAQ:CFNL) as things move forward to see if its progress aligns with these transactions.
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