C&F Financial (NASDAQ:CFFI) Stock: Insider Mark Fox Sells 1,000 Shares

Key Points

• CEO Mark Fox sold 1,000 C&F Financial shares for about $111,990 at an average price of $111.99. After the sale, he held 10,527 shares, an 8.68% reduction in his position.
• C&F Financial shares rose 0.8% to $111.87 on Wednesday. The company’s latest quarterly EPS of $2.55 topped estimates of $2.46, while revenue of $36.69 million came in below the $40.50 million consensus.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $115. The company’s quarterly dividend is $0.48 per share, equivalent to a 1.7% annualized yield.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) CEO Mark Fox sold 1,000 shares of C&F Financial stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $111.99, for a total value of $111,990.00. Following the completion of the transaction, the chief executive officer owned 10,527 shares in the company, valued at approximately $1,178,918.73. This represents a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

C&F Financial Trading Up 0.8%

CFFI stock traded up $0.89 during trading on Wednesday, reaching $111.87. The company had a trading volume of 93,075 shares, compared to its average volume of 24,497. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.91. C&F Financial Corporation has a 52 week low of $66.48 and a 52 week high of $115.40. The business has a 50 day moving average of $98.93 and a 200 day moving average of $82.47. The company has a market cap of $363.58 million, a P/E ratio of 11.96 and a beta of 0.34.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.09. C&F Financial had a return on equity of 11.01% and a net margin of 15.37%. The firm had revenue of $36.69 million during the quarter, compared to the consensus estimate of $40.50 million. As a group, sell-side analysts forecast that C&F Financial Corporation will post 9.56 earnings per share for the current fiscal year.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 15th. C&F Financial's dividend payout ratio is presently 20.58%.

Institutional Investors Weigh In On C&F Financial

A hedge fund recently bought a new position in C&F Financial stock. Squarepoint Ops LLC acquired a new position in C&F Financial Corporation (NASDAQ:CFFI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,378 shares of the financial services provider's stock, valued at approximately $270,000. Squarepoint Ops LLC owned approximately 0.10% of C&F Financial at the end of the most recent reporting period. 37.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and set a $115.00 price target on shares of C&F Financial in a research note on Tuesday, October 27th. Weiss Ratings raised shares of C&F Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wall Street Zen downgraded shares of C&F Financial from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Finally, Zacks Research upgraded shares of C&F Financial to a "hold" rating in a report on Wednesday, September 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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