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

Key Points

• C&F Financial (NASDAQ:CFFI) shares have dipped below their 200-day moving average, currently trading at $66.34, down from a moving average of $65.95.
• Analyst ratings remain positive, with Weiss Ratings reaffirming a "buy (b-)" rating and the consensus rating for the stock being a "Buy."
• The company recently announced a quarterly dividend of $0.46 per share, yielding 2.8%, and reported quarterly earnings of $2.37 per share with a revenue of $36.36 million.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $65.95 and traded as low as $65.90. C&F Financial shares last traded at $66.34, with a volume of 9,697 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of C&F Financial in a research report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

C&F Financial Stock Up 1.8%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a market capitalization of $214.81 million, a P/E ratio of 8.79 and a beta of 0.44. The stock has a fifty day moving average price of $68.56 and a two-hundred day moving average price of $65.95.

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 business had revenue of $36.36 million during the quarter.

C&F Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. C&F Financial's dividend payout ratio is presently 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 on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total transaction of $85,555.00. Following the completion of the transaction, the chief executive officer directly owned 38,402 shares in the company, valued at $2,726,542. This represents a 3.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CFFI. BNP Paribas Financial Markets grew its stake in C&F Financial by 370.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider's stock worth $26,000 after buying an additional 333 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in C&F Financial during the 2nd quarter worth $36,000. New York State Common Retirement Fund bought a new position in C&F Financial during the 2nd quarter worth $105,000. Rhumbline Advisers grew its stake in C&F Financial by 2,137.3% during the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock worth $196,000 after buying an additional 3,035 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in C&F Financial during the 1st quarter worth $202,000. 37.23% of the stock is currently owned by institutional investors.

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.

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