C&F Financial (NASDAQ:CFFI) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

C&F Financial (NASDAQ:CFFI) announced its earnings results on Monday. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.46 by $0.09, FiscalAI reports. The business had revenue of $36.69 million during the quarter, compared to the consensus estimate of $40.50 million. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Price Performance

CFFI stock opened at $108.83 on Tuesday. The firm has a market cap of $353.70 million, a price-to-earnings ratio of 12.29 and a beta of 0.32. 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 has a 12-month low of $66.48 and a 12-month high of $110.10. The company’s fifty day simple moving average is $95.72 and its 200 day simple moving average is $81.05.

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. C&F Financial’s dividend payout ratio is currently 21.43%.

Insider Transactions at C&F Financial

In related news, Director D Anthony Peay sold 425 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.92, for a total value of $36,516.00. Following the transaction, the director directly owned 1,850 shares in the company, valued at $158,952. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Larry G. Dillon sold 1,000 shares of C&F Financial stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the transaction, the chairman owned 33,058 shares of the company’s stock, valued at $3,142,824.06. This represents a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,475 shares of company stock valued at $401,116. 6.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research raised shares of C&F Financial to a “hold” rating in a report on Wednesday, September 30th. DA Davidson initiated coverage on C&F Financial in a research report on Tuesday, September 29th. They set a “buy” rating and a $115.00 price target on the stock. Wall Street Zen cut C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Weiss Ratings raised C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Company Profile

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

C&F Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing, wealth management and other traditional banking services. The company also operates businesses focused on mortgage banking and consumer finance, expanding its product offerings beyond its core community banking operations.

Founded in 1927, C&F Financial serves customers primarily through a network of branches and lending offices in Virginia, with a presence concentrated in the eastern and central parts of the state.