C&F Financial (NASDAQ:CFFI) Lowered to "Hold" Rating by StockNews.com

StockNews.com cut shares of C&F Financial (NASDAQ:CFFI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.

C&F Financial Price Performance

Shares of CFFI stock traded down $0.60 during mid-day trading on Friday, reaching $67.22. The company's stock had a trading volume of 6,038 shares, compared to its average volume of 12,620. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.90. The firm's 50-day moving average is $59.66 and its two-hundred day moving average is $51.92. C&F Financial has a 1-year low of $33.51 and a 1-year high of $72.00. The company has a market cap of $216.78 million, a P/E ratio of 12.11 and a beta of 0.36.

C&F Financial (NASDAQ:CFFI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 EPS for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.68%. The firm had revenue of $33.46 million during the quarter.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.76 annualized dividend and a yield of 2.62%. C&F Financial's dividend payout ratio is currently 31.10%.

Insider Activity

In related news, CEO Thomas F. Cherry sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief executive officer now owns 39,059 shares in the company, valued at $2,734,130. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 and other institutional investors have recently bought and sold shares of CFFI. Allspring Global Investments Holdings LLC bought a new stake in shares of C&F Financial during the second quarter worth $31,000. Clearstead Trust LLC acquired a new stake in C&F Financial in the 1st quarter valued at about $47,000. Cubist Systematic Strategies LLC bought a new position in shares of C&F Financial in the second quarter worth about $201,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of C&F Financial during the second quarter worth approximately $206,000. Finally, Squarepoint Ops LLC bought a new stake in shares of C&F Financial during the second quarter valued at approximately $374,000. 37.23% of the stock is owned by institutional investors and hedge funds.

About C&F Financial

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.