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Cardinal Financial (CFNL - Get Report) of McLean, Va., closed at $10.42 on Monday, pulling back 3% year-to-date, following a 7% decline in 2011.
The company's ROA ranged from 1.14% to 1.56% during 2011.
The shares trade for 1.2 times tangible book value and for 11 times the consensus 2012 EPS estimate of 95 cents. The consensus 2013 EPS estimate is 94 cents.
BB&T Capital Markets analyst Cary Morris has a "hold" rating on Cardinal Financial, saying on Jan. 19 that "we like the CFNL story given their best-in-class credit metrics, full capital levels and solid profitability results. However, the volatility and relative contribution of the mortgage company is reflected" in the shares relatively low multiple to book value. Morris added that he "would look for a better entry point or more positive economic news to become more constructive on the shares at this time."
Interested in more on Cardinal Financial? See TheStreet Ratings' report card for this stock.
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Written by Philip van Doorn in Jupiter, Fla.
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