CNFinance Holdings Limited (NYSE:CNF) Shares Purchased by Truist Financial Corp

Truist Financial Corp lifted its stake in CNFinance Holdings Limited (NYSE:CNF – Get Rating) by 53.4% in the 1st quarter, Holdings Channel reports. The firm owned 32,764 shares of the company’s stock after purchasing an additional 11,405 shares during the quarter. Truist Financial Corp’s holdings in CNFinance were worth $106,000 at the end of the most recent reporting period.

Separately, JBF Capital Inc. purchased a new position in CNFinance during the 4th quarter valued at about $88,000. Institutional investors own 3.90% of the company’s stock.

CNFinance Stock Performance

NYSE:CNF opened at $2.33 on Monday. The company has a current ratio of 821.21, a quick ratio of 753.06 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $3.05. CNFinance Holdings Limited has a twelve month low of $2.11 and a twelve month high of $6.34. The company has a market capitalization of $159.80 million, a P/E ratio of 46.60 and a beta of 0.28.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of CNFinance from a “c-” rating to a “d+” rating in a report on Tuesday, June 14th.

CNFinance Company Profile

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CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company also provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.