C&F Financial (NASDAQ:CFFI) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded C&F Financial to “Hold”, while analyst coverage remains favorable overall with a consensus “Moderate Buy” rating and an average price target of $115.
• C&F Financial shares opened at $96.85, with a market capitalization of approximately $314.8 million and a price-to-earnings ratio of 10.81. The company reported quarterly EPS of $2.40 on revenue of $39.37 million.
• Insiders sold 4,475 shares worth roughly $401,116 over the past three months, while institutional investors and hedge funds own 37.23% of the company.

C&F Financial (NASDAQ:CFFI - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a research report issued on Wednesday, Zacks reports.

Several other equities analysts have also weighed in on CFFI. Wall Street Zen lowered shares of C&F Financial from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Weiss Ratings raised shares of C&F Financial from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Finally, DA Davidson initiated coverage on shares of C&F Financial in a research report on Tuesday. They set a "buy" rating and a $115.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, C&F Financial currently has a consensus rating of "Moderate Buy" and an average target price of $115.00.

C&F Financial Stock Down 1.1%

NASDAQ:CFFI opened at $96.85 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.91. The company has a 50-day moving average of $90.14 and a 200 day moving average of $80.88. C&F Financial has a 1-year low of $64.71 and a 1-year high of $100.10. The firm has a market cap of $314.76 million, a PE ratio of 10.81 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. The firm had revenue of $39.37 million during the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. As a group, research analysts anticipate that C&F Financial will post 9.42 EPS for the current fiscal year.

Insider Transactions at C&F Financial

In related news, EVP John A. Seaman III sold 650 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $84.61, for a total value of $54,996.50. Following the completion of the transaction, the executive vice president directly owned 4,632 shares of the company's stock, valued at approximately $391,913.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Larry G. Dillon sold 1,000 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $95.07, for a total value of $95,070.00. Following the completion of the transaction, the chairman owned 33,058 shares in the company, valued at $3,142,824.06. The trade was a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,475 shares of company stock valued at $401,116. Insiders own 6.40% of the company's stock.

Institutional Investors Weigh In On C&F Financial

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

C&F Financial Company Profile

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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