C&F Financial (NASDAQ:CFFI) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Shares of C&F Financial Corporation (NASDAQ:CFFI) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $84.07 and traded as high as $108.50. C&F Financial shares last traded at $108.23, with a volume of 35,269 shares trading hands.

Analysts Set New Price Targets

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

C&F Financial Price Performance

The business has a 50-day moving average of $95.85 and a two-hundred day moving average of $84.24. 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 firm has a market cap of $348.82 million, a P/E ratio of 11.98 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. The firm had revenue of $39.37 million during the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%. On average, sell-side analysts anticipate that C&F Financial Corporation will post 9.42 earnings per share for the current fiscal year.

C&F Financial Announces Dividend

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

Insider Buying and Selling at C&F Financial

In other C&F Financial news, Director D Anthony Peay sold 425 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the sale, the director directly owned 1,850 shares of the company’s stock, valued at $158,952. The trade was a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Larry G. Dillon sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the completion of the transaction, the chairman owned 33,058 shares of the company’s stock, valued at approximately $3,142,824.06. This trade represents a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,475 shares of company stock worth $401,116 over the last quarter. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in C&F Financial stock. Bank of New York Mellon Corp purchased a new stake in C&F Financial Corporation (NASDAQ:CFFI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,882 shares of the financial services provider’s stock, valued at approximately $631,000. Bank of New York Mellon Corp owned about 0.24% of C&F Financial at the end of the most recent quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

About C&F Financial

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.