C&F Financial (NASDAQ:CFFI) Stock Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• C&F Financial's stock recently traded above its 200-day moving average, reaching highs of $69.70, and was last priced at $69.64 with a volume of 17,558 shares.
• Wall Street Zen has downgraded C&F Financial from a "buy" to a "hold" rating, indicating a shift in investor sentiment.
• The company announced a quarterly dividend of $0.46, reflecting an annualized dividend yield of 2.6%, with a low payout ratio of 24.37%.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $68.04 and traded as high as $69.70. C&F Financial shares last traded at $69.64, with a volume of 17,558 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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 company's 50-day simple moving average is $64.73 and its 200-day simple moving average is $67.84. The stock has a market cap of $220.17 million, a price-to-earnings ratio of 8.98 and a beta of 0.49. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.43.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $2.37 earnings per share for the quarter. C&F Financial had a return on equity of 10.52% and a net margin of 13.67%.The firm had revenue of $36.36 million for the quarter.

Hedge Funds Weigh In On C&F Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in C&F Financial during the fourth quarter valued at approximately $1,598,000. Susquehanna International Group LLP grew its position in C&F Financial by 412.7% in the fourth quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after acquiring an additional 31,482 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of C&F Financial by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 107,585 shares of the financial services provider's stock valued at $7,665,000 after acquiring an additional 327 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in C&F Financial during the fourth quarter valued at approximately $345,000. Finally, Jane Street Group LLC lifted its stake in shares of C&F Financial by 150.1% in the fourth quarter. Jane Street Group LLC now owns 22,301 shares of the financial services provider's stock worth $1,589,000 after buying an additional 13,385 shares during the last quarter. Hedge funds and other institutional investors 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.