C&F Financial (NASDAQ:CFFI) Cut to Hold at StockNews.com

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

C&F Financial Stock Performance

NASDAQ:CFFI opened at $64.77 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The company has a market cap of $209.85 million, a P/E ratio of 10.74 and a beta of 0.32. C&F Financial has a fifty-two week low of $39.55 and a fifty-two week high of $89.90. The firm’s 50 day moving average is $67.24 and its two-hundred day moving average is $70.82.

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.66 earnings per share for the quarter. The company had revenue of $32.58 million for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

C&F Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio (DPR) is currently 27.54%.

Insider Activity

In related news, CEO Mark A. Fox sold 1,032 shares of C&F Financial stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total transaction of $83,592.00. Following the sale, the chief executive officer now owns 11,005 shares of the company’s stock, valued at $891,405. The trade was a 8.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its holdings in C&F Financial by 234.7% during the 4th 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 in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of C&F Financial in the 4th quarter valued at about $218,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of C&F Financial in the 4th quarter valued at about $230,000. 683 Capital Management LLC acquired a new stake in shares of C&F Financial in the 4th quarter valued at about $338,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of C&F Financial in the 4th quarter valued at about $345,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

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.