C&F Financial (NASDAQ:CFFI) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• C&F Financial Corporation (NASDAQ:CFFI) shares recently crossed above their 200-day moving average of $66.53, reaching a high of $70.12 during trading, indicating potential bullish momentum.
• The company reported $2.37 EPS with a quarterly revenue of $36.36 million, alongside a net margin of 13.67% and a return on equity of 10.52% during its latest earnings release.
• C&F Financial has announced a quarterly dividend of $0.46, with an annualized yield of 2.6%, set to be paid on October 1st to shareholders of record by September 15th.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.53 and traded as high as $70.12. C&F Financial shares last traded at $70.12, with a volume of 2,887 shares traded.

C&F Financial Price Performance

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 stock has a market cap of $232.60 million, a price-to-earnings ratio of 9.51 and a beta of 0.48. The stock has a 50-day moving average price of $68.13 and a two-hundred day moving average price of $66.29.

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

C&F Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.46 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. C&F Financial's dividend payout ratio is currently 24.37%.

Insider Buying and Selling

In related news, CEO Thomas F. Cherry sold 1,205 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total value of $85,555.00. Following the transaction, the chief executive officer directly owned 38,402 shares in the company, valued at approximately $2,726,542. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.30% of the company's stock.

Institutional Trading of C&F Financial

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of C&F Financial by 110.3% during the second quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider's stock worth $4,483,000 after purchasing an additional 38,088 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of C&F Financial by 166.4% during the first quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider's stock worth $2,164,000 after buying an additional 20,057 shares during the last quarter. Millennium Management LLC grew its holdings in shares of C&F Financial by 13.2% during the fourth quarter. Millennium Management LLC now owns 15,311 shares of the financial services provider's stock worth $1,091,000 after buying an additional 1,788 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of C&F Financial by 7.1% during the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock worth $1,026,000 after buying an additional 1,015 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of C&F Financial by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock worth $887,000 after buying an additional 1,339 shares during the last quarter. 37.23% of the stock is currently owned by institutional investors and hedge funds.

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.