C&F Financial (NASDAQ:CFFI) Share Price Passes Above 200-Day Moving Average – What’s Next?

C&F Financial Co. (NASDAQ:CFFI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.57 and traded as high as $74.79. C&F Financial shares last traded at $73.84, with a volume of 5,663 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of C&F Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

C&F Financial Trading Up 2.5 %

The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $70.67 and a 200 day moving average of $59.57. The firm has a market cap of $238.80 million, a price-to-earnings ratio of 13.05 and a beta of 0.38.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. The business had revenue of $33.46 million during the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%.

C&F Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s dividend payout ratio (DPR) is presently 31.10%.

Insider Buying and Selling

In other C&F Financial news, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer now owns 39,059 shares of the company’s stock, valued at approximately $2,734,130. This represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John A. Seaman III sold 2,500 shares of C&F Financial stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $74.05, for a total transaction of $185,125.00. Following the transaction, the executive vice president now directly owns 4,494 shares in the company, valued at approximately $332,780.70. This represents a 35.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,493 shares of company stock valued at $627,075 over the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

Hedge funds have recently bought and sold shares of the stock. John G Ullman & Associates Inc. boosted its stake in C&F Financial by 2.0% in the 3rd quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 200 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of C&F Financial in the 2nd quarter valued at about $31,000. Empowered Funds LLC boosted its position in C&F Financial by 5.2% during the third quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 670 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in C&F Financial in the second quarter valued at approximately $201,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of C&F Financial during the 2nd quarter worth approximately $206,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

C&F Financial Company Profile

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.