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

C&F Financial Co. (NASDAQ:CFFI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $62.75 and traded as high as $76.30. C&F Financial shares last traded at $74.06, with a volume of 10,829 shares trading hands.

Analyst Ratings Changes

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

C&F Financial Stock Down 0.1 %

The stock has a 50 day simple moving average of $73.40 and a 200 day simple moving average of $62.75. 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 firm has a market capitalization of $239.21 million, a PE ratio of 13.08 and a beta of 0.38.

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

C&F Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.38%. The ex-dividend date was Friday, December 13th. C&F Financial’s payout ratio is currently 31.10%.

Insider Buying and Selling at C&F Financial

In other news, CEO Bryan Edwin Mckernon sold 1,262 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $76.00, for a total value of $95,912.00. Following the transaction, the chief executive officer now directly owns 13,245 shares in the company, valued at $1,006,620. This trade represents a 8.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the sale, the chief executive officer now directly owns 39,059 shares of the company’s stock, valued at $2,734,130. The trade was a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,493 shares of company stock worth $627,075. 6.30% of the stock is owned by insiders.

Institutional Investors Weigh In On C&F Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. John G Ullman & Associates Inc. increased 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 buying an additional 200 shares in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 670 shares during the last quarter. Ritholtz Wealth Management bought a new stake in C&F Financial in the fourth quarter worth $218,000. Cubist Systematic Strategies LLC bought a new position in shares of C&F Financial in the 2nd quarter valued at about $201,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in C&F Financial in the second quarter worth $206,000. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

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.