C&F Financial (NASDAQ:CFFI) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

C&F Financial Stock Down 1.0 %

Shares of NASDAQ:CFFI opened at $74.19 on Tuesday. C&F Financial has a 52 week low of $33.51 and a 52 week high of $76.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. The company has a market cap of $239.63 million, a PE ratio of 13.11 and a beta of 0.36. The firm has a 50 day simple moving average of $62.95 and a 200 day simple moving average of $54.37.

C&F Financial (NASDAQ:CFFI) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%. The company had revenue of $33.46 million during the quarter.

C&F Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a $0.44 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a yield of 2.37%. C&F Financial’s payout ratio is presently 31.10%.

Insider Activity at C&F Financial

In other C&F Financial news, CEO Thomas F. Cherry sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the sale, the chief executive officer now directly owns 39,059 shares in the company, valued at $2,734,130. This trade represents a 4.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of C&F Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of C&F Financial during the 2nd quarter worth about $31,000. Cubist Systematic Strategies LLC bought a new position in shares of C&F Financial during the 2nd quarter worth about $201,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of C&F Financial during the 2nd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of C&F Financial during the 3rd quarter worth about $272,000. Finally, Squarepoint Ops LLC bought a new position in shares of C&F Financial during the 2nd quarter worth about $374,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

About C&F Financial

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.