C&F Financial (NASDAQ:CFFI) Issues 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) issued its earnings results on Thursday. The financial services provider reported $2.37 EPS for the quarter, Zacks reports. The company had revenue of $36.36 million for the quarter. C&F Financial had a net margin of 13.67% and a return on equity of 10.64%.

C&F Financial Trading Down 2.5%

Shares of NASDAQ CFFI traded down $1.71 during midday trading on Friday, hitting $66.83. 5,432 shares of the company traded hands, compared to its average volume of 38,966. C&F Financial has a 12-month low of $50.70 and a 12-month high of $89.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a 50-day moving average price of $64.82 and a 200 day moving average price of $68.67. The firm has a market cap of $216.53 million, a P/E ratio of 8.85 and a beta of 0.44.

C&F Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, June 13th. C&F Financial's dividend payout ratio is currently 27.54%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On C&F Financial

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in 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 acquiring an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of C&F Financial by 11.3% in the first 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 position in C&F Financial by 40.7% during the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 1,550 shares during the period. Institutional investors own 37.23% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.