C&F Financial (NASDAQ:CFFI) Raised to “Buy” at StockNews.com

C&F Financial (NASDAQ:CFFI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

C&F Financial Stock Performance

Shares of CFFI stock opened at $59.06 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average price of $75.21 and a 200-day moving average price of $70.67. C&F Financial has a 52 week low of $33.51 and a 52 week high of $89.90. The firm has a market capitalization of $191.35 million, a PE ratio of 9.79 and a beta of 0.33.

C&F Financial (NASDAQ:CFFI) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 EPS for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

Insider Buying and Selling at C&F Financial

In other news, CEO Mark A. Fox sold 1,032 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total transaction of $83,592.00. Following the completion of the sale, the chief executive officer now owns 11,005 shares of the company’s stock, valued at $891,405. The trade was a 8.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its position in shares of C&F Financial by 234.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,284 shares in the last quarter. Ritholtz Wealth Management purchased a new position in C&F Financial during the fourth quarter valued at approximately $218,000. Mercer Global Advisors Inc. ADV purchased a new position in C&F Financial during the fourth quarter valued at approximately $230,000. 683 Capital Management LLC bought a new position in shares of C&F Financial in the fourth quarter worth approximately $338,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of C&F Financial in the fourth quarter worth $345,000. Institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.