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

C&F Financial Corporation (NASDAQ:CFFI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $77.55 and traded as high as $91.62. C&F Financial shares last traded at $90.60, with a volume of 73,846 shares trading hands.

Analyst Ratings Changes

CFFI has been the subject of a number of analyst reports. Weiss Ratings raised C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of C&F Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

C&F Financial Trading Up 1.3%

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $83.24 and its two-hundred day moving average price is $77.65. The firm has a market cap of $298.19 million, a PE ratio of 10.24 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. The business had revenue of $39.37 million during the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 15th. C&F Financial’s dividend payout ratio (DPR) is 21.43%.

Insider Activity at C&F Financial

In other news, Director D Anthony Peay sold 425 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total value of $36,516.00. Following the sale, the director directly owned 1,850 shares in the company, valued at $158,952. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Larry G. Dillon sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $86.00, for a total transaction of $86,000.00. Following the transaction, the chairman directly owned 34,058 shares of the company’s stock, valued at approximately $2,928,988. This trade represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,313 shares of company stock valued at $429,096 in the last quarter. 6.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C&F Financial

A number of large investors have recently bought and sold shares of CFFI. BNP Paribas Financial Markets boosted its stake in shares of C&F Financial by 370.0% during the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 333 shares during the last quarter. New York State Common Retirement Fund acquired a new position in C&F Financial in the 2nd quarter valued at about $105,000. Rhumbline Advisers lifted its holdings in C&F Financial by 2,137.3% in the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 3,035 shares in the last quarter. California State Teachers Retirement System lifted its holdings in C&F Financial by 1,887.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,280 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of C&F Financial by 40.7% during the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

About C&F Financial

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.