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

Key Points

• C&F Financial shares rose above their 200-day moving average of $77.55, reaching $91.62 before closing at $90.60. The stock has a market capitalization of approximately $294.45 million and a P/E ratio of 10.11.
• Analyst sentiment improved, with Weiss Ratings and Wall Street Zen upgrading the stock to “Buy”; MarketBeat’s average rating is also “Buy.”
• The company reported quarterly EPS of $2.40 on $39.37 million in revenue and declared a quarterly dividend of $0.48, equivalent to an annualized $1.92 payout and a 2.1% yield.

Shares of C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $77.55 and traded as high as $91.62. C&F Financial shares last traded at $90.60, with a volume of 73,846 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CFFI shares. Weiss Ratings upgraded shares of C&F Financial from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of C&F Financial from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, C&F Financial currently has an average rating of "Buy".

C&F Financial Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $82.97 and a 200 day simple moving average of $77.55. The stock has a market cap of $294.45 million, a P/E ratio of 10.11 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. The company had revenue of $39.37 million for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, September 15th. C&F Financial's payout ratio is presently 21.43%.

Insider Transactions at C&F Financial

In other news, EVP Jason E. Long sold 1,360 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $75.50, for a total transaction of $102,680.00. Following the completion of the transaction, the executive vice president directly owned 10,083 shares in the company, valued at $761,266.50. This represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John A. Seaman III sold 650 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $84.61, for a total value of $54,996.50. Following the completion of the transaction, the executive vice president owned 4,632 shares of the company's stock, 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. In the last ninety days, insiders sold 5,313 shares of company stock worth $429,096. 6.40% of the stock is owned by insiders.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Siena Capital Partners GP LLC acquired a new position in C&F Financial during the fourth quarter valued at approximately $500,000. Geode Capital Management LLC increased its position in shares of C&F Financial by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider's stock worth $5,295,000 after purchasing an additional 509 shares during the last quarter. Empowered Funds LLC increased its position in shares of C&F Financial by 7.1% during the 1st quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock worth $1,026,000 after purchasing an additional 1,015 shares during the last quarter. Goldman Sachs Group Inc. raised its stake 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 worth $887,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Royal Bank of Canada raised its stake 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 worth $361,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company's stock.

About C&F Financial

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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