C&F Financial (NASDAQ:CFFI) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Shares of C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) passed 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 changing hands.

Analyst Upgrades and Downgrades

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

C&F Financial Stock Performance

The firm has a market capitalization of $214.97 million, a P/E ratio of 9.93 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 business's 50 day simple moving average is $64.85 and its two-hundred day simple moving average is $69.10.

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 company had revenue of $32.58 million during 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 announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, June 13th. C&F Financial's dividend payout ratio is currently 27.54%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Truffle Hound Capital LLC bought a new stake in shares of C&F Financial in the 4th quarter valued at about $5,344,000. Susquehanna International Group LLP grew its stake in C&F Financial by 412.7% in the 4th quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock valued at $2,787,000 after acquiring an additional 31,482 shares during the period. Rhino Investment Partners Inc acquired a new stake in C&F Financial in the 4th quarter valued at $2,020,000. Raymond James Financial Inc. acquired a new stake in C&F Financial during the 4th quarter worth $1,598,000. Finally, American Century Companies Inc. boosted its stake in C&F Financial by 166.4% during the 1st quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider's stock worth $2,164,000 after purchasing an additional 20,057 shares during the last quarter. 37.23% of the stock is currently owned by institutional investors.

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.