C&F Financial (NASDAQ:CFFI) Now Covered by Analysts at DA Davidson

Key Points

• DA Davidson initiated coverage of C&F Financial with a “buy” rating and a $115 price target, implying approximately 16% upside from the reported share price.
• C&F Financial reported quarterly EPS of $2.40 on $39.37 million in revenue, with a 14.91% net margin and 10.72% return on equity.
• The stock was trading near its 52-week high after rising 4.7%, while insiders sold 4,475 shares worth about $401,116 over the prior 90 days; institutional investors own 37.23% of shares.

Equities research analysts at DA Davidson assumed coverage on shares of C&F Financial (NASDAQ:CFFI - Get Free Report) in a research report issued on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a $115.00 price target on the financial services provider's stock. DA Davidson's target price would indicate a potential upside of 15.99% from the stock's current price.

Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded C&F Financial from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Weiss Ratings raised C&F Financial from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, C&F Financial presently has a consensus rating of "Buy" and an average target price of $115.00.

C&F Financial Trading Up 4.7%

CFFI opened at $99.15 on Tuesday. 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 stock has a market capitalization of $322.24 million, a PE ratio of 11.07 and a beta of 0.33. C&F Financial has a 1-year low of $64.71 and a 1-year high of $99.50. The firm has a 50-day moving average price of $89.37 and a two-hundred day moving average price of $80.52.

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

Insider Buying and Selling at C&F Financial

In related news, Chairman Larry G. Dillon sold 1,000 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the completion of the sale, the chairman directly owned 33,058 shares of the company's stock, valued at $3,142,824.06. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas Cherry sold 500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $87.13, for a total transaction of $43,565.00. Following the completion of the transaction, the chief executive officer owned 38,869 shares in the company, valued at $3,386,655.97. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,475 shares of company stock valued at $401,116 over the last 90 days. Company insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in C&F Financial in the second quarter valued at about $631,000. Siena Capital Partners GP LLC acquired a new position in shares of C&F Financial during the 4th quarter worth about $500,000. Finally, Squarepoint Ops LLC bought a new stake in shares of C&F Financial in the 2nd quarter valued at about $270,000. 37.23% of the stock is currently owned by institutional investors.

About C&F Financial

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its principal subsidiary, C&F Bank, which provides banking services to individuals, families, businesses and public-sector organizations.

C&F Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, business financing, treasury management and other traditional banking services. The company also provides mortgage banking services through C&F Mortgage Corporation and wealth management and trust services through C&F Wealth Management.

The company primarily serves communities in Virginia, with banking operations concentrated in the central and eastern parts of the state and the Northern Neck and Middle Peninsula regions.

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