Insider Bets Paying Off At CFNL As New 52-Week High Reached

In trading on Monday, shares of Cardinal Financial Corp (CFNL) touched a new 52-week high of $22.07/share. That's a 35.23% rise, or $5.75 per share from the 52-week low of $16.32 set back on 10/10/2014. That means at today's intraday high, any investor who purchased CFNL stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CFNL has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
12/30/2014 Sidney O. Dewberry Director 10,000 $20.59 $205,890.00
01/27/2015 William G. Buck Director 1,000 $18.14 $18,136.00
03/18/2015 William G. Buck Director 1,000 $20.50 $20,504.00

The chart below shows where CFNL has traded over the past year, with the 50-day and 200-day moving averages included.

Cardinal Financial Corp Moving Averages Chart

In afternoon trading on Monday, CFNL shares are changing hands at $21.83/share, slightly below the new 52-week high.

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