C&F Financial Corporation (NASDAQ:CFFI – Get Free Report) CEO Mark Fox sold 1,000 shares of the company’s stock in a transaction 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 owned 10,527 shares of the company’s stock, valued at approximately $1,178,918.73. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
C&F Financial Stock Performance
C&F Financial stock opened at $105.12 on Friday. C&F Financial Corporation has a 52 week low of $66.48 and a 52 week high of $115.40. The stock has a fifty day moving average price of $100.01 and a 200 day moving average price of $83.04. 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 capitalization of $341.64 million, a P/E ratio of 11.27 and a beta of 0.34.
C&F Financial (NASDAQ:CFFI – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.09. The company had revenue of $38.21 million during the quarter, compared to the consensus estimate of $40.50 million. C&F Financial had a return on equity of 11.01% and a net margin of 15.37%. Equities research analysts anticipate that C&F Financial Corporation will post 9.56 earnings per share for the current year.
C&F Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders 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 20.58%.
Institutional Investors Weigh In On C&F Financial
Several institutional investors have recently made changes to their positions in CFFI. Bank of New York Mellon Corp bought a new stake in shares of C&F Financial in the 2nd quarter worth approximately $631,000. Squarepoint Ops LLC acquired a new stake in shares of C&F Financial in the 2nd quarter worth $270,000. Finally, Ritholtz Wealth Management purchased a new position in C&F Financial during the third quarter valued at approximately $261,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.
Analyst Upgrades and Downgrades
CFFI has been the topic of a number of analyst reports. Wall Street Zen lowered C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Zacks Research raised C&F Financial to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings raised C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, DA Davidson reissued a “buy” rating and issued a $115.00 price objective on shares of C&F Financial in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.
Check Out Our Latest Report on CFFI
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.
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