C&F Financial (NASDAQ:CFFI) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• C&F Financial shares broke above their 200-day moving average, reaching $108.50 and last trading at $108.23, compared with a 200-day average of $84.07.
• Analyst sentiment is generally positive: the stock has a consensus “Moderate Buy” rating and an average price target of $115, though some firms recently issued or maintained Hold ratings.
• The company reported quarterly EPS of $2.40 and maintains a quarterly dividend of $0.48, equivalent to a 1.8% yield; insiders sold 4,475 shares worth about $401,116 during the last quarter.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $84.07 and traded as high as $108.50. C&F Financial shares last traded at $108.23, with a volume of 35,269 shares trading hands.

Wall Street Analyst Weigh In

CFFI has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of C&F Financial to a "hold" rating in a report on Wednesday, September 30th. Weiss Ratings upgraded C&F Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wall Street Zen lowered C&F Financial from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, DA Davidson began coverage on C&F Financial in a research report on Tuesday, September 29th. They set a "buy" rating and a $115.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, C&F Financial presently has a consensus rating of "Moderate Buy" and an average target price of $115.00.

C&F Financial Trading Up 2.4%

The firm has a market cap of $351.75 million, a P/E ratio of 12.08 and a beta of 0.32. 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's fifty day moving average price is $95.48 and its two-hundred day moving average price is $84.07.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%. The business had revenue of $39.37 million during the quarter. As a group, sell-side analysts predict that C&F Financial Corporation will post 9.42 EPS for the current fiscal year.

C&F Financial Announces Dividend

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

Insider Transactions at C&F Financial

In related news, Chairman Larry G. Dillon sold 1,000 shares of C&F Financial 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 of the company's stock, valued at $3,142,824.06. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Cherry sold 500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $87.13, for a total transaction of $43,565.00. Following the completion of the sale, the chief executive officer owned 38,869 shares in the company, valued at $3,386,655.97. This represents a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,475 shares of company stock valued at $401,116. 6.40% of the stock is currently owned by company insiders.

Institutional Trading of C&F Financial

An institutional investor recently bought a new position in C&F Financial stock. Bank of New York Mellon Corp purchased a new position in shares of C&F Financial Corporation (NASDAQ:CFFI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,882 shares of the financial services provider's stock, valued at approximately $631,000. Bank of New York Mellon Corp owned approximately 0.24% of C&F Financial at the end of the most recent reporting period. 37.23% of the stock is currently owned by institutional investors and hedge funds.

About C&F Financial

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Its principal subsidiary, C&F Bank, is a community banking institution that provides deposit accounts, residential and commercial real estate lending, business loans, consumer loans, and other traditional banking services to individuals, businesses, and organizations.

Through affiliated businesses, C&F Financial also offers mortgage banking, wealth management, and indirect automobile financing.

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