Shares of C&F Financial Corporation (NASDAQ:CFFI – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $76.79 and traded as high as $88.75. C&F Financial shares last traded at $88.39, with a volume of 7,459 shares.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Wall Street Zen upgraded C&F Financial from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of C&F Financial in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Get Our Latest Stock Report on C&F Financial
C&F Financial Trading Down 0.1%
C&F Financial (NASDAQ:CFFI – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.The firm had revenue of $39.37 million during the quarter.
C&F Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, June 15th. This represents a $1.92 annualized dividend and a yield of 2.2%. C&F Financial’s dividend payout ratio is presently 21.43%.
Insider Buying and Selling at C&F Financial
In related news, EVP John A. Seaman III sold 650 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $84.61, for a total value of $54,996.50. Following the sale, the executive vice president owned 4,632 shares in the company, valued at $391,913.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jason E. Long sold 1,360 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $75.50, for a total transaction of $102,680.00. Following the completion of the transaction, the executive vice president directly owned 10,083 shares in the company, valued at approximately $761,266.50. The trade was a 11.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,813 shares of company stock valued at $380,596 over the last ninety days. 6.40% of the stock is currently owned by corporate insiders.
Institutional Trading of C&F Financial
Several institutional investors and hedge funds have recently modified their holdings of CFFI. Geode Capital Management LLC grew its stake in shares of C&F Financial by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider’s stock worth $5,295,000 after acquiring an additional 509 shares in the last quarter. Empowered Funds LLC grew its position in C&F Financial by 7.1% in the 1st quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in C&F Financial by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,339 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of C&F Financial during the second quarter valued at approximately $631,000. Finally, Siena Capital Partners GP LLC bought a new stake in C&F Financial during the fourth quarter worth $500,000. 37.23% of the stock is owned by hedge funds and other institutional investors.
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.
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