C&F Financial (NASDAQ:CFFI) Stock: Insider Mark Fox Sells 1,000 Shares

C&F Financial Corporation (NASDAQ:CFFI) CEO Mark Fox sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $111.99, for a total value of $111,990.00. Following the completion of the sale, the chief executive officer directly owned 10,527 shares of the company’s stock, valued at $1,178,918.73. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

C&F Financial Stock Down 3.5%

CFFI opened at $108.35 on Friday. The business has a 50 day moving average of $99.72 and a 200-day moving average of $82.86. The stock has a market capitalization of $352.14 million, a price-to-earnings ratio of 11.61 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. C&F Financial Corporation has a 1-year low of $66.48 and a 1-year high of $115.40.

C&F Financial (NASDAQ:CFFI) last announced its earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.09. The business had revenue of $38.21 million for the quarter, compared to analyst estimates of $40.50 million. C&F Financial had a net margin of 15.37% and a return on equity of 11.01%. As a group, sell-side analysts anticipate that C&F Financial Corporation will post 9.56 earnings per share for the current year.

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, September 15th. C&F Financial’s dividend payout ratio (DPR) is currently 20.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CFFI. Weiss Ratings raised shares of C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of C&F Financial to a “hold” rating in a research note on Wednesday, September 30th. DA Davidson reissued a “buy” rating and set a $115.00 target price on shares of C&F Financial in a research report on Tuesday, October 27th. Finally, Wall Street Zen lowered C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CFFI. Bank of New York Mellon Corp acquired a new stake in shares of C&F Financial in the 2nd quarter valued at $631,000. Squarepoint Ops LLC bought a new stake in shares of C&F Financial in the 2nd quarter worth about $270,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of C&F Financial during the 3rd quarter worth about $261,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

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.