C&F Financial (NASDAQ:CFFI) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of C&F Financial (NASDAQ:CFFI) from a hold rating to a buy rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of C&F Financial in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

C&F Financial Stock Down 0.1%

Shares of CFFI opened at $88.39 on Friday. The firm has a fifty day moving average price of $80.85 and a 200-day moving average price of $76.79. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $287.44 million, a P/E ratio of 9.86 and a beta of 0.32. C&F Financial has a 12-month low of $64.71 and a 12-month high of $89.76.

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. The company had revenue of $39.37 million for the quarter.

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.2%. C&F Financial’s payout ratio is 21.43%.

Insider Transactions at C&F Financial

In related news, EVP John A. Seaman III sold 650 shares of C&F Financial stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $84.61, for a total value of $54,996.50. Following the completion of the sale, the executive vice president directly owned 4,632 shares in the company, valued at $391,913.52. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director D Anthony Peay sold 425 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $85.92, for a total transaction of $36,516.00. Following the transaction, the director owned 1,850 shares in the company, valued at approximately $158,952. The trade was a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,813 shares of company stock valued at $380,596 over the last 90 days. 6.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C&F Financial

Several hedge funds have recently modified their holdings of CFFI. BNP Paribas Financial Markets boosted its stake in shares of C&F Financial by 370.0% during the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 333 shares in the last quarter. New York State Common Retirement Fund bought a new position in C&F Financial in the second quarter worth approximately $105,000. Rhumbline Advisers raised its stake in C&F Financial by 2,137.3% in the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,035 shares in the last quarter. Royal Bank of Canada raised its stake in C&F Financial by 40.7% in the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after buying an additional 1,550 shares in the last quarter. Finally, Siena Capital Partners GP LLC purchased a new stake in C&F Financial during the fourth quarter worth $500,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.