Zacks Investment Research lowered shares of C1 Financial Inc (NYSE:BNK) from a buy rating to a hold rating in a report issued on Monday, AnalystRatings.NET reports.

According to Zacks, “C1 Financial, Inc. is a bank holding company for C1 Bank. The Bank provides various banking services to individuals. The company offers a range of interest-bearing and non-interest-bearing deposit accounts as well as other time deposits of various types. It also provides commercial loans; consumer and installment loans; and real estate loans comprising commercial real estate and residential real estate loans, as well as acquisition, construction, and development loans. C1 Financial, Inc. is based in St. Petersburg, Florida. “

A hedge fund recently raised its stake in C1 Financial stock. EJF Capital increased its position in C1 Financial Inc (NYSE:BNK) by 41.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,126 shares of the financial services provider’s stock after buying an additional 83,392 shares during the period. EJF Capital owned 1.76% of C1 Financial worth $5,413,000 as of its most recent SEC filing.

Other research analysts also recently issued research reports about the stock. Raymond James downgraded shares of C1 Financial from an outperform rating to a market perform rating in a research note on Wednesday, November 11th. Sandler O’Neill raised shares of C1 Financial from a hold rating to a buy rating in a report on Monday, October 5th. Finally, Keefe, Bruyette & Woods cut shares of C1 Financial from an outperform rating to a market perform rating and set a $21.00 price objective on the stock. in a report on Monday, October 19th.

Shares of C1 Financial (NYSE:BNK) traded up 0.29% on Monday, reaching $23.91. 53,456 shares of the company’s stock were exchanged. C1 Financial has a one year low of $16.25 and a one year high of $24.49. The firm has a 50 day moving average of $24.04 and a 200 day moving average of $21.13. The firm has a market capitalization of $384.95 million and a P/E ratio of 26.99.

C1 Financial, Inc. is a bank holding company. The Company is focused on serving the needs of entrepreneurs, offering relationship banking services to entrepreneurs and their families, including commercial loans and a line of depository products. It operates from 30 banking centers and one loan production office on the West Coast of Florida and in Miami-Dade and Orange Counties. It offers short and medium-term small business and real estate, commercial and consumer loans. It offers a range of interest-bearing and noninterest-bearing deposit accounts, including commercial and retail checking accounts, savings accounts, individual retirement accounts, and other deposits of various types, ranging from daily money market accounts to longer term certificates of deposit. It also offers cash management, safe deposit boxes, direct deposit of payroll and social security checks, wire transfers, telephone banking and automatic drafts for various accounts.

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