Company shares last traded at $18.15 just above the 50 day moving average which is $17.17 and just a bit higher than the 200 day moving average of $16.93. The 50 day moving average was up $0.98 or +5.71% and the 200 day average was up $1.22. Trading was light with 448 shares changing hands on Friday. Volume was down 89.17% under the stocks average daily volume.
Traders are more bullish on California First National Banco of late as implied by the downtick in short interest. The company experienced a fall in short interest of -7.88% between September 15, 2017 and September 29, 2017. Short shares decreased 1,500 over that period. With short interest at 17,543 and short average daily volume at 6,840, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.00% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (CFNB). Blackrock Inc. cut its ownership by shedding 4,472 shares a decrease of 72.9% in the quarter. Blackrock Inc. controls 1,664 shares worth $31,000. The total value of its holdings decreased 68.7%. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 388 shares trimming its position 79.5%. The value of the company’s investment in California First National Banco decreased from $8,000 to $2,000 decreasing 75.0% quarter over quarter.
West Oak Capital, LLC added to its holdings by buying 9,035 shares an increase of 27.9%. West Oak Capital, LLC now controls 41,475 shares valued at $750,698,000. The value of the position overall is up by 22.8%. Meeder Asset Management Inc augmented its position by buying 61 shares an increase of 23.6% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now holds 320 shares with a value of $6,000. The value of the position overall is up by 20.0%.
The company’s P/E ratio is 16.81 and the market cap is 186.65M.
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..