C&F Financial (NASDAQ:CFFI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

C&F Financial Trading Up 0.3%

NASDAQ:CFFI opened at $94.89 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. C&F Financial has a 1-year low of $64.71 and a 1-year high of $96.00. The firm has a market capitalization of $308.39 million, a price-to-earnings ratio of 10.59 and a beta of 0.33. The business’s 50-day moving average price is $84.46 and its two-hundred day moving average price is $78.15.

C&F Financial (NASDAQ:CFFI) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.The company had revenue of $39.37 million during the quarter.

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.0%. C&F Financial’s payout ratio is presently 21.43%.

Insider Activity at C&F Financial

In other news, Director D Anthony Peay sold 425 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the completion of the sale, the director owned 1,850 shares of the company’s stock, valued at $158,952. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Larry G. Dillon sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $86.00, for a total transaction of $86,000.00. Following the sale, the chairman owned 34,058 shares in the company, valued at approximately $2,928,988. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,953 shares of company stock worth $326,416 over the last ninety days. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On C&F Financial

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of C&F Financial by 370.0% in the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 333 shares in the last quarter. New York State Common Retirement Fund acquired a new position in shares of C&F Financial during the second quarter worth about $105,000. Rhumbline Advisers grew its holdings in shares of C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,035 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of C&F Financial by 1,887.9% during the second quarter. California State Teachers Retirement System now owns 3,280 shares of the financial services provider’s stock worth $262,000 after buying an additional 3,115 shares in the last quarter. Finally, Royal Bank of Canada raised its position in C&F Financial by 40.7% in the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock valued at $361,000 after buying an additional 1,550 shares during the last quarter. Institutional investors own 37.23% of the company’s stock.

About C&F Financial

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.