C&F Financial (NASDAQ:CFFI) Stock Bumped Up to Hold by Zacks Research

Zacks Research upgraded shares of C&F Financial (NASDAQ:CFFI) to a hold rating in a research report released on Wednesday morning,Zacks reports.

CFFI has been the topic of several other research reports. DA Davidson assumed coverage on C&F Financial in a research note on Tuesday. They issued a “buy” rating and a $115.00 price objective on the stock. Wall Street Zen cut shares of C&F Financial from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings raised shares of C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Price Performance

Shares of CFFI opened at $96.85 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $90.14 and its 200 day simple moving average is $80.88. C&F Financial has a 1-year low of $64.71 and a 1-year high of $100.10. The company has a market cap of $314.76 million, a price-to-earnings ratio of 10.81 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share for the quarter. The company had revenue of $39.37 million for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. On average, research analysts forecast that C&F Financial will post 9.42 earnings per share for the current fiscal year.

C&F Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 15th. C&F Financial’s dividend payout ratio is currently 21.43%.

Insider Activity

In other news, CEO S Dustin Crone sold 900 shares of C&F Financial stock in a transaction on Friday, September 4th. The stock was sold at an average price of $94.41, for a total transaction of $84,969.00. Following the completion of the sale, the chief executive officer owned 8,378 shares of the company’s stock, valued at approximately $790,966.98. This trade represents a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director D Anthony Peay sold 425 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the completion of the sale, the director directly owned 1,850 shares of the company’s stock, valued at approximately $158,952. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,475 shares of company stock worth $401,116. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of C&F Financial

A number of institutional investors have recently modified their holdings of CFFI. Squarepoint Ops LLC acquired a new position in C&F Financial during the second quarter valued at approximately $270,000. Siena Capital Partners GP LLC acquired a new position in C&F Financial during the 4th quarter worth approximately $500,000. Finally, Bank of New York Mellon Corp bought a new position in C&F Financial in the 2nd quarter valued at approximately $631,000. 37.23% of the stock is currently owned by institutional investors.

C&F Financial Company Profile

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its principal subsidiary, C&F Bank, which provides banking services to individuals, families, businesses and public-sector organizations.

C&F Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, business financing, treasury management and other traditional banking services. The company also provides mortgage banking services through C&F Mortgage Corporation and wealth management and trust services through C&F Wealth Management.

The company primarily serves communities in Virginia, with banking operations concentrated in the central and eastern parts of the state and the Northern Neck and Middle Peninsula regions.