C&F Financial (NASDAQ:CFFI) Stock Passes Below 200 Day Moving Average - Should You Sell?

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

Wall Street Analyst Weigh In

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

C&F Financial Trading Up 0.6%

The firm has a 50 day simple moving average of $64.88 and a 200 day simple moving average of $69.08. 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 has a market capitalization of $216.17 million, a PE ratio of 9.99 and a beta of 0.44.

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

C&F Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.76%. C&F Financial's dividend payout ratio (DPR) is currently 27.54%.

Hedge Funds Weigh In On C&F Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its position in C&F Financial by 234.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider's stock valued at $130,000 after purchasing an additional 1,284 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in C&F Financial during the first quarter valued at $202,000. Mercer Global Advisors Inc. ADV purchased a new position in C&F Financial during the fourth quarter valued at $230,000. 683 Capital Management LLC purchased a new position in C&F Financial during the fourth quarter valued at $338,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in C&F Financial during the fourth quarter valued at $345,000. 37.23% of the stock is currently owned by hedge funds and other 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.