C&F Financial (NASDAQ:CFFI) Shares Pass Below 200 Day Moving Average - Time to Sell?

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.10 and traded as low as $64.85. C&F Financial shares last traded at $66.11, with a volume of 14,848 shares.

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 note on Monday, April 28th.

C&F Financial Stock Performance

The firm has a market cap of $217.76 million, a PE ratio of 10.06 and a beta of 0.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm's 50 day simple moving average is $64.88 and its 200 day simple moving average is $69.08.

C&F Financial (NASDAQ:CFFI - Get Free Report) last announced its earnings results on Thursday, April 24th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter. The firm had revenue of $32.58 million for the quarter. C&F Financial had a net margin of 12.56% and a return on equity of 9.59%.

C&F Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Friday, June 13th. C&F Financial's dividend payout ratio (DPR) is currently 27.54%.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFFI. Empowered Funds LLC grew its stake in C&F Financial by 7.1% in the 1st 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. grew its stake in C&F Financial by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock worth $887,000 after acquiring an additional 1,339 shares in the last quarter. 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 worth $361,000 after acquiring an additional 1,550 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in C&F Financial in the 1st quarter worth about $202,000. Finally, American Century Companies Inc. grew its stake in C&F Financial by 166.4% in the 1st quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider's stock worth $2,164,000 after acquiring an additional 20,057 shares in the last quarter. 37.23% of the stock is owned by hedge funds and other institutional investors.

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.