C&F Financial (NASDAQ:CFFI) Stock Rating Upgraded by Zacks Research

C&F Financial (NASDAQ:CFFI) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities research analysts have also weighed in on CFFI. Weiss Ratings raised shares of C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Wall Street Zen downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, DA Davidson started coverage on C&F Financial in a research report on Tuesday. They set a “buy” rating and a $115.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Stock Performance

NASDAQ:CFFI opened at $96.85 on Wednesday. The stock has a market cap of $314.76 million, a P/E ratio of 10.81 and a beta of 0.32. The firm’s fifty day simple moving average is $90.14 and its 200 day simple moving average is $80.88. C&F Financial has a twelve month low of $64.71 and a twelve month high of $100.10. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.42.

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

Insider Activity at C&F Financial

In other C&F Financial news, EVP John A. Seaman III sold 650 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $84.61, for a total value of $54,996.50. Following the sale, the executive vice president owned 4,632 shares in the company, valued at approximately $391,913.52. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Larry G. Dillon sold 1,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $95.07, for a total transaction of $95,070.00. Following the completion of the sale, the chairman owned 33,058 shares in the company, valued at approximately $3,142,824.06. This trade represents a 2.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,475 shares of company stock worth $401,116 over the last 90 days. 6.40% of the stock is currently owned by insiders.

Institutional Trading of C&F Financial

A number of hedge funds have recently made changes to their positions in CFFI. Bank of New York Mellon Corp purchased a new stake in shares of C&F Financial in the 2nd quarter worth approximately $631,000. Siena Capital Partners GP LLC bought a new position in C&F Financial during the 4th quarter valued at approximately $500,000. Finally, Squarepoint Ops LLC bought a new position in C&F Financial during the 2nd quarter valued at approximately $270,000. 37.23% of the stock is owned by institutional investors.

About C&F Financial

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.