Shares are trading at $15.40 which is well below $17.24, the 50 day moving average and marginally under the 200 day moving average of $16.96. The 50 day moving average was down $-1.84 or -10.67% and the 200 day average moved down $-1.56. (NASDAQ:CFNB) shares saw heavy trading volume with 8,726 shares changing hands in the last trading session. Trading volume was up 184.98% over the stocks average daily volume.
Investors are a little more bearish on shares of the company lately if you look at the uptick in short interest. The company realized a rise in short interest of 8.09% as of October 13, 2017 from the last reporting period. Short interest increased 1,420 over that timeframe. With short interest at 18,963 and short average daily volume at 1,762, days to cover is 11.0 and the percentage of shorted shares was 0.00% on October 13.
These firms have modified their investment in CFNB. As of quarter end Tower Research Capital LLC (trc) had disposed of 388 shares trimming its holdings by 79.5%. The value of the investment in (CFNB) decreased from $8,000 to $2,000 a change of $6,000 quarter over quarter. As of the end of the quarter West Oak Capital, LLC had bought a total of 9,035 shares growing its stake by 27.9%. The value of the investment in California First National Banco went from $611,494,000 to $750,698,000 increasing 22.8% quarter to quarter.
As of the end of the quarter Meeder Asset Management Inc had bought a total of 61 shares growing its position 23.6%. The value of the company’s investment in California First National Banco went from $5,000 to $6,000 a change of 20.0% for the reporting period. Strs Ohio augmented its ownership by buying 1,700 shares an increase of 34.7% as of 09/30/2017. Strs Ohio currently owns 6,600 shares worth $119,000. The total value of its holdings increased 29.3%.
The company currently has a P/E ratio of 14.26 and market capitalization is 158.37M.
California First National Bancorp, launched on April 27, 2001, 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. Its segments include CalFirst Bank and CalFirst Leasing. CalFirst Bank gathers deposits through posting rates on the Internet and conducts all banking and other operations from one central location..