C&F Financial (NASDAQ:CFFI) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• C&F Financial shares rose above their 200-day moving average, trading as high as $88.75 and last changing hands at $88.39, compared with a 200-day average of $76.79.
• The company reported quarterly EPS of $2.40 on revenue of $39.37 million, while maintaining a quarterly dividend of $0.48 per share, equivalent to a 2.2% annualized yield.
• Analyst sentiment remains broadly neutral, with a consensus “Hold” rating; meanwhile, insiders sold 4,813 shares worth approximately $380,596 over the past three months.

Shares of C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $76.79 and traded as high as $88.75. C&F Financial shares last traded at $88.39, with a volume of 7,459 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CFFI. Weiss Ratings reissued a "hold (c)" rating on shares of C&F Financial in a research report on Wednesday, June 24th. Wall Street Zen raised shares of C&F Financial from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

C&F Financial Stock Down 0.1%

The firm has a market cap of $287.27 million, a price-to-earnings ratio of 9.86 and a beta of 0.32. The firm has a fifty day simple moving average of $80.85 and a 200-day simple moving average of $76.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 0.92.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. The firm had revenue of $39.37 million during the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, June 15th. C&F Financial's dividend payout ratio (DPR) is currently 21.43%.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, Director D Anthony Peay sold 425 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the sale, the director directly owned 1,850 shares in the company, valued at $158,952. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas F. Cherry sold 500 shares of C&F Financial stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $87.13, for a total transaction of $43,565.00. Following the completion of the transaction, the chief executive officer directly owned 38,869 shares in the company, valued at $3,386,655.97. This trade represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,813 shares of company stock valued at $380,596 in the last three months. Corporate insiders own 6.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 38,088 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of C&F Financial during the second quarter worth $631,000. Siena Capital Partners GP LLC acquired a new stake in C&F Financial during the 4th quarter worth about $500,000. Rhumbline Advisers grew its stake in C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock worth $196,000 after purchasing an additional 3,035 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of C&F Financial during the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 37.23% of the company's stock.

About C&F Financial

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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