C&F Financial (NASDAQ:CFFI) Stock Price Passes Above Two Hundred Day Moving Average of $51.17

C&F Financial Co. (NASDAQ:CFFIGet Rating) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $51.17 and traded as high as $52.09. C&F Financial shares last traded at $51.20, with a volume of 4,463 shares.

Separately, StockNews.com began coverage on shares of C&F Financial in a research note on Saturday. They set a “buy” rating for the company.

The firm has a market cap of $181.25 million, a price-to-earnings ratio of 6.73 and a beta of 0.44. The firm’s 50 day moving average price is $50.84 and its two-hundred day moving average price is $51.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.84.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.60 annualized dividend and a yield of 3.13%. C&F Financial’s dividend payout ratio is currently 21.02%.

In related news, Director James H. Hudson III sold 2,200 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $51.01, for a total transaction of $112,222.00. Following the completion of the transaction, the director now directly owns 11,627 shares of the company’s stock, valued at $593,093.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in C&F Financial by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 189,596 shares of the financial services provider’s stock valued at $10,069,000 after buying an additional 3,266 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of C&F Financial by 39.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,937 shares of the financial services provider’s stock worth $3,449,000 after purchasing an additional 18,205 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of C&F Financial during the 3rd quarter worth approximately $202,000. Bank of New York Mellon Corp increased its stake in shares of C&F Financial by 43.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,980 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 3,331 shares in the last quarter. Finally, State Street Corp increased its stake in shares of C&F Financial by 11.0% during the 1st quarter. State Street Corp now owns 9,486 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 941 shares in the last quarter. 27.58% of the stock is owned by institutional investors.

About C&F Financial (NASDAQ:CFFI)

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company's Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.

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