C&F Financial (NASDAQ:CFFI) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.14 and traded as high as $68.92. C&F Financial shares last traded at $68.92, with a volume of 2,891 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of C&F Financial in a report on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

C&F Financial Stock Performance

The firm's fifty day moving average price is $69.09 and its 200-day moving average price is $66.14. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The company has a market cap of $223.30 million, a P/E ratio of 8.53 and a beta of 0.44.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 14.39% and a return on equity of 11.16%. The company had revenue of $36.02 million for the quarter.

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. C&F Financial's payout ratio is presently 24.37%.

Insiders Place Their Bets

In related news, CEO Thomas F. Cherry sold 1,205 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $71.00, for a total value of $85,555.00. Following the sale, the chief executive officer owned 38,402 shares of the company's stock, valued at $2,726,542. The trade was a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Trading of C&F Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in C&F Financial by 166.4% in the first quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider's stock valued at $2,164,000 after acquiring an additional 20,057 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in C&F Financial in the first quarter valued at about $202,000. Geode Capital Management LLC increased its stake in C&F Financial by 110.3% in the second quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider's stock valued at $4,483,000 after acquiring an additional 38,088 shares during the period. Empowered Funds LLC increased its stake in C&F Financial by 7.1% in the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock valued at $1,026,000 after acquiring an additional 1,015 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in C&F Financial by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock valued at $887,000 after acquiring an additional 1,339 shares during the period. Institutional investors own 37.23% of the company's stock.

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.

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