Weiss Ratings Reaffirms "Buy (B-)" Rating for C&F Financial (NASDAQ:CFFI)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for C&F Financial (NASDAQ:CFFI), indicating confidence in the company's stock performance.
• C&F Financial's stock traded up by $1.16 to reach $66.34, with a significant market capitalization of $214.94 million and a P/E ratio of 8.79.
• Hedge funds have recently increased their positions in C&F Financial, with notable stakes raised by BNP Paribas Financial Markets and Rhumbline Advisers, indicating growing institutional interest.

C&F Financial (NASDAQ:CFFI - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

C&F Financial Stock Performance

CFFI stock traded up $1.16 during trading hours on Wednesday, hitting $66.34. 9,697 shares of the stock were exchanged, compared to its average volume of 13,396. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. C&F Financial has a 12 month low of $53.13 and a 12 month high of $89.90. The firm has a market capitalization of $214.94 million, a P/E ratio of 8.79 and a beta of 0.44. The company has a 50-day simple moving average of $68.56 and a two-hundred day simple moving average of $65.95.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $2.37 EPS for the quarter. C&F Financial had a return on equity of 10.52% and a net margin of 13.67%.The company had revenue of $36.36 million for the quarter.

Insider Activity at C&F Financial

In other news, CEO Thomas F. Cherry sold 1,205 shares of C&F Financial stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $71.00, for a total transaction of $85,555.00. Following the sale, the chief executive officer directly owned 38,402 shares of the company's stock, valued at approximately $2,726,542. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On C&F Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of C&F Financial by 370.0% in the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider's stock worth $26,000 after acquiring an additional 333 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of C&F Financial in the second quarter worth approximately $36,000. New York State Common Retirement Fund acquired a new position in shares of C&F Financial in the second quarter worth approximately $105,000. OMERS ADMINISTRATION Corp acquired a new position in shares of C&F Financial in the first quarter worth approximately $202,000. Finally, Rhumbline Advisers lifted its stake in shares of C&F Financial by 2,137.3% in the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock worth $196,000 after acquiring an additional 3,035 shares during the period. 37.23% of the stock is owned by institutional investors and hedge funds.

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.

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