C&F Financial (NASDAQ:CFFI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

C&F Financial Stock Performance

CFFI opened at $56.01 on Friday. The firm’s fifty day simple moving average is $72.83 and its two-hundred day simple moving average is $70.57. C&F Financial has a 52-week low of $33.51 and a 52-week high of $89.90. The company has a market cap of $181.47 million, a price-to-earnings ratio of 9.29 and a beta of 0.32. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

C&F Financial (NASDAQ:CFFI) last issued 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 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. Shareholders of record on Friday, March 14th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s payout ratio is 30.51%.

Insider Activity

In other news, CEO Mark A. Fox sold 1,032 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $81.00, for a total value of $83,592.00. Following the completion of the sale, the chief executive officer now directly owns 11,005 shares in the company, valued at $891,405. This represents a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management acquired a new stake in shares of C&F Financial in the 4th quarter worth $218,000. Empowered Funds LLC raised its stake in C&F Financial by 5.0% during the fourth quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 671 shares during the period. Raymond James Financial Inc. acquired a new position in C&F Financial in the 4th quarter valued at about $1,598,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of C&F Financial by 10.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,143 shares of the financial services provider’s stock valued at $366,000 after buying an additional 473 shares during the period. Finally, Truffle Hound Capital LLC purchased a new stake in shares of C&F Financial in the 4th quarter valued at approximately $5,344,000. 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.