C&F Financial (NASDAQ:CFFI) Upgraded at StockNews.com

StockNews.com upgraded shares of C&F Financial (NASDAQ:CFFI) from a hold rating to a buy rating in a research note released on Friday morning.

C&F Financial Trading Down 1.7 %

CFFI opened at $59.06 on Friday. The business’s 50 day moving average price is $75.21 and its 200 day moving average price is $70.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a market capitalization of $191.35 million, a PE ratio of 9.79 and a beta of 0.32. C&F Financial has a one year low of $33.51 and a one year high of $89.90.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio (DPR) is presently 30.51%.

Insider Buying and Selling at C&F Financial

In other news, CEO Mark A. Fox sold 1,032 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the completion of the transaction, the chief executive officer now owns 11,005 shares of the company’s stock, valued at approximately $891,405. This trade represents a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On C&F Financial

A number of hedge funds have recently added to or reduced their stakes in CFFI. Cubist Systematic Strategies LLC increased its position in shares of C&F Financial by 234.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,284 shares during the period. Ritholtz Wealth Management purchased a new stake in C&F Financial during the 4th quarter worth about $218,000. Mercer Global Advisors Inc. ADV acquired a new stake in C&F Financial in the 4th quarter valued at about $230,000. 683 Capital Management LLC purchased a new position in shares of C&F Financial in the 4th quarter valued at about $338,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of C&F Financial during the fourth quarter worth about $345,000. 37.23% of the stock is currently 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.