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Stock Investors Bid Up Shares of Cardinal Financial, Up 1.8%

Published on Tue, 02/12/2013 - 11:21
By Mallory Stone

Cardinal Financial (NASDAQ:CFNL) is one of today's biggest movers, up 1.8% to $16.38. The Dow is trading fractionally higher to 13,994 and the S&P is currently trading fractionally higher to 1,518.

Cardinal Financial Corporation is a multi-bank holding company. The Banks offer a variety of banking products to individuals, professionals, and small to medium-sized businesses in northern Virginia. The Company also operates Cardinal Wealth Services, Inc., an investment advisory company. Cardinal Bank operates in Fairfax County, Virginia.

There is potential upside of 12.1% for shares of Cardinal Financial based on a current price of $16.38 and an average consensus analyst price target of $18.36. The stock should discover initial support at its 50-day moving average (MA) of $16.11 and subsequent support at its 200-day MA of $13.87.

In the past 52 weeks, shares of Cardinal Financial have traded between a low of $10.28 and a high of $16.90 and are now at $16.38, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.40% higher over the past week, respectively.

By Mallory Stone