Stock of The Day: California First National Bancorp (NASDAQ:CFNB) Move Up as Institutional Investors’ Sentiment Increased

November 17, 2016 - By Peter Erickson   ·   0 Comments

Stock of The Day: California First National Bancorp (NASDAQ:CFNB) Move Up as Institutional Investors' Sentiment  Increased

Sentiment for California First National Bancorp (NASDAQ:CFNB)

California First National Bancorp (NASDAQ:CFNB) institutional sentiment increased to 3 in 2016 Q2. Its up 1.50, from 1.5 in 2016Q1. The ratio improved, as 18 hedge funds started new or increased holdings, while 6 reduced and sold holdings in California First National Bancorp. The hedge funds in our partner’s database now possess: 899,174 shares, up from 833,434 shares in 2016Q1. Also, the number of hedge funds holding California First National Bancorp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 3 Increased: 9 New Position: 9.

California First National Bancorp is a bank holding firm of California First National Bank and leasing subsidiary, California First Leasing Corp (CalFirst Leasing). The company has a market cap of $161.43 million. 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. It has a 18.03 P/E ratio. The Company’s divisions include CalFirst Bank and CalFirst Leasing.

About 5,302 shares traded hands or 208.79% up from the average. California First National Bancorp (NASDAQ:CFNB) has risen 8.50% since April 15, 2016 and is uptrending. It has outperformed by 3.87% the S&P500.

According to Zacks Investment Research, “California First National Bank is a FDIC-insured national bank that gathers deposits using telephone, the Internet and direct mail from a centralized location and will lease capital assets to businesses and organizations and provide business loans to fund the purchase of assets leased by third parties.”

Bridgeway Capital Management Inc holds 0.02% of its portfolio in California First National Bancorp for 86,857 shares. Acadian Asset Management Llc owns 19 shares or 0% of their US portfolio. Moreover, Alliancebernstein L.P. has 0% invested in the company for 68,592 shares. The New York-based American International Group Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 1,304 shares.#img1#

CFNB Company Profile

California First National Bancorp, incorporated on April 27, 2001, is a bank holding firm 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. The Company’s divisions include CalFirst Bank and CalFirst Leasing. CalFirst Bank gathers deposits through posting rates on the Internet and conducts all banking and other activities from one central location.

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By Peter Erickson


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