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

Shares of C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.74 and traded as low as $66.25. C&F Financial shares last traded at $67.54, with a volume of 10,574 shares.

Analyst Ratings Changes

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

C&F Financial Stock Performance

The firm has a market capitalization of $217.80 million, a P/E ratio of 10.10 and a beta of 0.44. The stock has a fifty day simple moving average of $64.82 and a two-hundred day simple moving average of $68.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.89 and a quick ratio of 0.88.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $2.37 EPS for the quarter. The firm had revenue of $36.36 million during the quarter. C&F Financial had a return on equity of 9.59% and a net margin of 12.56%.

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 2.74%. C&F Financial's dividend payout ratio (DPR) is currently 27.54%.

Institutional Investors Weigh In On C&F Financial

Several institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its holdings in 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 in the last quarter. Goldman Sachs Group Inc. increased its position in shares of C&F Financial by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock valued at $887,000 after purchasing an additional 1,339 shares during the last quarter. Royal Bank of Canada increased its position in shares of C&F Financial by 40.7% during the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 1,550 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of C&F Financial during the 1st quarter valued at $202,000. Finally, American Century Companies Inc. increased its position in shares of C&F Financial by 166.4% during the 1st quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider's stock valued at $2,164,000 after purchasing an additional 20,057 shares during the last quarter. 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.