C&F Financial (NASDAQ:CFFI) Earns "Buy" Rating from DA Davidson

Key Points

• DA Davidson reaffirmed a “Buy” rating on C&F Financial and set a $115 price target, implying approximately 6.08% upside from the stock’s current price.
• Analyst sentiment remains positive overall, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $115 average price target.
• C&F Financial reported quarterly earnings of $2.55 per share, exceeding the $2.46 consensus estimate, although revenue of $36.69 million fell short of the $40.50 million expectation.

C&F Financial (NASDAQ:CFFI - Get Free Report)'s stock had its "buy" rating reissued by research analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $115.00 price objective on the financial services provider's stock. DA Davidson's price target suggests a potential upside of 6.08% from the stock's current price.

CFFI has been the subject of several other reports. Zacks Research raised C&F Financial to a "hold" rating in a report on Wednesday, September 30th. Wall Street Zen cut C&F Financial from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Finally, Weiss Ratings raised C&F Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, C&F Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

C&F Financial Stock Performance

NASDAQ:CFFI traded down $0.43 during mid-day trading on Tuesday, hitting $108.41. 41,061 shares of the stock were exchanged, compared to its average volume of 22,551. The stock has a market capitalization of $352.32 million, a price-to-earnings ratio of 12.10 and a beta of 0.32. The firm's 50-day simple moving average is $95.72 and its 200 day simple moving average is $81.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.92. C&F Financial has a fifty-two week low of $66.48 and a fifty-two week high of $110.10.

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 for the quarter, topping the consensus estimate of $2.46 by $0.09. The business had revenue of $36.69 million during the quarter, compared to analysts' expectations of $40.50 million. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%. As a group, equities analysts anticipate that C&F Financial will post 9.42 EPS for the current fiscal year.

Insider Transactions at C&F Financial

In other C&F Financial news, CEO S Dustin Crone sold 900 shares of C&F Financial stock in a transaction on Friday, September 4th. The stock was sold at an average price of $94.41, for a total value of $84,969.00. Following the completion of the transaction, the chief executive officer directly owned 8,378 shares of the company's stock, valued at $790,966.98. The trade was a 9.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John A. Seaman III sold 650 shares of C&F Financial stock in a transaction on Monday, August 3rd. The shares were 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 $391,913.52. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,475 shares of company stock worth $401,117. Corporate insiders own 6.40% of the company's stock.

Hedge Funds Weigh In On C&F Financial

A hedge fund recently bought a new stake in C&F Financial stock. Bank of New York Mellon Corp purchased a new stake in C&F Financial Corporation (NASDAQ:CFFI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,882 shares of the financial services provider's stock, valued at approximately $631,000. Bank of New York Mellon Corp owned about 0.24% of C&F Financial as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 37.23% of the company's stock.

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.