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

Key Points

• C&F Financial reported earnings of $2.18 per share for the latest quarter, with a return on equity of 10.52% and a net margin of 13.67%.
• The company's stock price fell 2.9% to $67.50 amid lower trading volume compared to its average.
• C&F Financial declared a quarterly dividend of $0.46, representing an annualized yield of 2.7% and a payout ratio of 24.37%.

C&F Financial (NASDAQ:CFFI - Get Free Report) released its earnings results on Thursday. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, Zacks reports. C&F Financial had a return on equity of 10.52% and a net margin of 13.67%.

C&F Financial Stock Down 2.9%

C&F Financial stock traded down $2.00 during mid-day trading on Thursday, reaching $67.50. The stock had a trading volume of 3,162 shares, compared to its average volume of 12,881. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.91. C&F Financial has a fifty-two week low of $53.13 and a fifty-two week high of $89.90. The stock's 50-day simple moving average is $69.13 and its 200-day simple moving average is $65.99. The firm has a market capitalization of $218.70 million, a PE ratio of 8.94 and a beta of 0.44.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.84 annualized dividend and a yield of 2.7%. C&F Financial's payout ratio is 24.37%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of C&F Financial in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Insider Buying and Selling

In related news, CEO Thomas F. Cherry sold 1,205 shares of C&F Financial stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total transaction of $85,555.00. Following the transaction, the chief executive officer owned 38,402 shares of the company's stock, valued at $2,726,542. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CFFI. Geode Capital Management LLC lifted its holdings in C&F Financial by 110.3% during the second quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider's stock worth $4,483,000 after acquiring an additional 38,088 shares during the period. Rhumbline Advisers increased its holdings in C&F Financial by 2,137.3% in the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock worth $196,000 after acquiring an additional 3,035 shares during the last quarter. New York State Common Retirement Fund bought a new stake in C&F Financial in the 2nd quarter valued at about $105,000. Royal Bank of Canada grew its stake in C&F Financial by 40.7% in the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock valued at $361,000 after buying an additional 1,550 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $887,000 after purchasing an additional 1,339 shares during the period. Hedge funds and other institutional investors own 37.23% of the company's stock.

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.

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