C&F Financial (NASDAQ:CFFI) Issues Quarterly Earnings Results

Key Points

• C&F Financial reported an earnings per share (EPS) of $2.37 and revenue of $36.36 million for the recent quarter, with a net margin of 13.67%.
• The company declared a quarterly dividend of $0.46 per share, equating to an annualized dividend of $1.84 and a yield of 2.75%.
• Shares of C&F Financial fell 2.5%, trading at $66.83, after being downgraded from a "buy" rating to a "hold" rating by Wall Street analysts.

C&F Financial (NASDAQ:CFFI - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $36.36 million for the quarter. C&F Financial had a return on equity of 10.64% and a net margin of 13.67%.

C&F Financial Trading Down 1.1%

CFFI traded down $0.69 during trading hours on Wednesday, reaching $64.00. The company's stock had a trading volume of 16,897 shares, compared to its average volume of 14,906. The business's 50-day moving average is $64.73 and its 200-day moving average is $68.60. C&F Financial has a fifty-two week low of $50.70 and a fifty-two week high of $89.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market cap of $207.36 million, a PE ratio of 8.48 and a beta of 0.44.

C&F Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were issued a $0.46 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 2.88%. C&F Financial's payout ratio is 24.37%.

Hedge Funds Weigh In On C&F Financial

Several hedge funds have recently bought and sold shares of CFFI. Empowered Funds LLC lifted its position in shares of C&F Financial by 7.1% during the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock worth $1,026,000 after purchasing an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in C&F Financial by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock worth $887,000 after buying an additional 1,339 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in C&F Financial by 40.7% during the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock worth $361,000 after buying an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of C&F Financial from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.

About C&F Financial

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.