C&F Financial Co. (NASDAQ: CFFI – Get a rating) the stock price fell below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $50.33 and is trading as low as $46.05. C&F Financial shares last traded at $46.05, with volume traded at 904 shares.
Wall Street analysts predict growth
Separately, StockNews.com launched a hedge on C&F Financial shares in a research note on Friday, July 8. They set a “buy” rating on the stock.
Performance of C&F financial stocks
The company has a market capitalization of $163.02 million, a price-earnings ratio of 6.05 and a beta of 0.48. The stock’s 50-day moving average price is $48.71 and its two-hundred-day moving average price is $50.33. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt ratio of 0.28.
C&F Financial (NASDAQ: CFFI – Get a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported EPS of $1.57 for the quarter. The company had revenue of $27.21 million for the quarter. C&F Financial posted a net margin of 20.26% and a return on equity of 13.14%.
C&F Financial announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1. Investors of record on Wednesday, June 15 received a dividend of $0.40. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.60 on an annualized basis and a yield of 3.47%. C&F Financial’s payout ratio is 21.02%.
Insider Activity at C&F Financial
Separately, director James H. Hudson III sold 2,200 shares in a trade dated Thursday, May 5. The shares were sold at an average price of $51.01, for a total value of $112,222.00. Following the sale, the director now directly owns 11,627 shares of the company, valued at approximately $593,093.27. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. 6.40% of the shares are held by company insiders.
Institutional investors weigh in on C&F Financial
Several hedge funds have recently changed their CFFI holdings. Advisor Group Holdings Inc. increased its stake in C&F Financial shares by 0.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider worth $2,839,000 after buying 400 more shares in the last quarter. LSV Asset Management increased its stake in C&F Financial shares by 2.3% in the 1st quarter. LSV Asset Management now owns 38,267 shares of the financial services provider worth $1,918,000 after purchasing an additional 851 shares in the last quarter. Dimensional Fund Advisors LP increased its holding in shares of C&F Financial by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 185,674 shares of the financial services provider worth $9,304,000 after buying 681 additional shares in the last quarter. Dakota Wealth Management bought a new stock position in C&F Financial during Q1 for a value of approximately $651,000. Finally, State Street Corp increased its stake in C&F Financial shares by 11.0% in the 1st quarter. State Street Corp now owns 9,486 shares of the financial services provider worth $479,000 after acquiring 941 additional shares during the period. 27.58% of the shares are held by institutional investors and hedge funds.
About C&F Financial
C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.
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