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

StockNews.com downgraded shares of C&F Financial (NASDAQ:CFFI - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

C&F Financial Price Performance

Shares of C&F Financial stock traded down $0.25 during trading on Friday, reaching $57.59. 1,964 shares of the company's stock were exchanged, compared to its average volume of 14,112. The firm's 50-day moving average price is $71.30 and its 200 day moving average price is $70.46. The company has a market cap of $186.59 million, a P/E ratio of 9.55 and a beta of 0.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. C&F Financial has a 1-year low of $33.51 and a 1-year high of $89.90.

C&F Financial (NASDAQ:CFFI - Get Free Report) 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%.

C&F Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from C&F Financial's previous quarterly dividend of $0.44. C&F Financial's payout ratio is presently 30.51%.

Insider Transactions at C&F Financial

In other news, CEO Mark A. Fox sold 1,032 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the sale, the chief executive officer now directly owns 11,005 shares in the company, valued at approximately $891,405. The trade was a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On C&F Financial

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in shares of C&F Financial by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 107,585 shares of the financial services provider's stock worth $7,665,000 after purchasing an additional 327 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in shares of C&F Financial in the fourth quarter valued at about $5,344,000. Bridgeway Capital Management LLC increased its stake in shares of C&F Financial by 1.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,893 shares of the financial services provider's stock valued at $3,056,000 after buying an additional 471 shares during the period. Susquehanna International Group LLP raised its position in shares of C&F Financial by 412.7% during the fourth quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after acquiring an additional 31,482 shares during the last quarter. Finally, Rhino Investment Partners Inc acquired a new position in shares of C&F Financial in the fourth quarter worth approximately $2,020,000. 37.23% of the stock is owned by institutional investors.

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.