C&F Financial (NASDAQ:CFFI) Releases Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• C&F Financial beat earnings expectations: The company reported quarterly EPS of $2.55, $0.09 above estimates, though revenue of $36.69 million fell short of the $40.50 million consensus.
• Shares rose to $108.83 in midday trading, near the company’s 52-week high of $110.10. The stock has a market capitalization of approximately $353.7 million and a price-to-earnings ratio of 12.15.
• C&F Financial maintained its quarterly dividend at $0.48 per share, equivalent to an annualized $1.92 payout and a 1.8% yield. Analysts hold a “Moderate Buy” consensus rating with an average price target of $115.

C&F Financial (NASDAQ:CFFI - Get Free Report) announced its quarterly earnings data on Monday. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.09, FiscalAI reports. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%. The business had revenue of $36.69 million for the quarter, compared to analysts' expectations of $40.50 million.

C&F Financial Price Performance

C&F Financial stock traded up $1.50 during midday trading on Monday, reaching $108.83. 97,664 shares of the company were exchanged, compared to its average volume of 22,416. The company has a market capitalization of $353.70 million, a price-to-earnings ratio of 12.15 and a beta of 0.32. The firm's 50-day simple moving average is $95.85 and its 200-day simple moving average is $84.32. C&F Financial has a 1 year low of $66.48 and a 1 year high of $110.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.92.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.8%. C&F Financial's dividend payout ratio (DPR) is presently 21.43%.

Insider Transactions at C&F Financial

In other news, Chairman Larry G. Dillon sold 1,000 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $95.07, for a total transaction of $95,070.00. Following the completion of the sale, the chairman directly owned 33,058 shares in the company, valued at $3,142,824.06. This represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John A. Seaman III sold 650 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $84.61, for a total transaction of $54,996.50. Following the completion of the transaction, the executive vice president owned 4,632 shares in the company, valued at $391,913.52. The trade was a 12.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,475 shares of company stock worth $401,116 in the last ninety days. Company insiders own 6.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of C&F Financial from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Weiss Ratings upgraded C&F Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. DA Davidson assumed coverage on C&F Financial in a report on Tuesday, September 29th. They set a "buy" rating and a $115.00 price target for the company. Finally, Zacks Research raised C&F Financial to a "hold" rating in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, C&F Financial presently has an average rating of "Moderate Buy" and an average price target of $115.00.

C&F Financial Company Profile

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Through its principal subsidiary, C&F Bank, the company provides banking and financial services to individuals, families, businesses and public-sector organizations.

C&F Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing, wealth management and other traditional banking services. The company also operates businesses focused on mortgage banking and consumer finance, expanding its product offerings beyond its core community banking operations.

Founded in 1927, C&F Financial serves customers primarily through a network of branches and lending offices in Virginia, with a presence concentrated in the eastern and central parts of the state.

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