StockNews.com Downgrades C&F Financial (NASDAQ:CFFI) to Hold

C&F Financial (NASDAQ:CFFI - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Monday.

C&F Financial Stock Down 2.3 %

CFFI traded down $1.55 during trading hours on Monday, hitting $65.76. 620 shares of the company's stock were exchanged, compared to its average volume of 13,437. The stock has a market cap of $213.05 million, a price-to-earnings ratio of 10.90 and a beta of 0.32. C&F Financial has a 1-year low of $40.25 and a 1-year high of $89.90. The stock's 50-day moving average is $67.06 and its two-hundred day moving average is $70.88. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.66 EPS for the quarter. The company had revenue of $32.58 million during the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

Insider Activity

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

Hedge Funds Weigh In On C&F Financial

A number of institutional investors have recently bought and sold shares of CFFI. Cubist Systematic Strategies LLC boosted its stake in shares of C&F Financial by 234.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider's stock worth $130,000 after acquiring an additional 1,284 shares during the period. Ritholtz Wealth Management bought a new position in C&F Financial during the fourth quarter worth $218,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of C&F Financial in the fourth quarter valued at $230,000. 683 Capital Management LLC bought a new position in shares of C&F Financial in the fourth quarter valued at about $338,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of C&F Financial during the 4th quarter worth about $345,000. Institutional investors and hedge funds 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.