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

StockNews.com cut shares of C&F Financial (NASDAQ:CFFI - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

C&F Financial Stock Performance

CFFI traded down $1.33 during trading on Friday, reaching $57.47. 10,908 shares of the company were exchanged, compared to its average volume of 14,222. C&F Financial has a 52 week low of $33.51 and a 52 week high of $89.90. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $71.81 and a 200 day moving average of $70.55. The stock has a market cap of $186.20 million, a P/E ratio of 9.53 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.46 per share. This is a boost from C&F Financial's previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, March 14th. C&F Financial's payout ratio is currently 30.51%.

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Insider Buying and Selling at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of C&F Financial stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the transaction, the chief executive officer now directly owns 11,005 shares of the company's stock, valued at $891,405. The trade was a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of C&F Financial

A number of hedge funds have recently bought and sold shares of CFFI. Raymond James Financial Inc. acquired a new stake in C&F Financial during the fourth quarter valued at $1,598,000. Truffle Hound Capital LLC bought a new stake in shares of C&F Financial in the 4th quarter valued at approximately $5,344,000. Empowered Funds LLC increased its holdings in C&F Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider's stock worth $1,012,000 after buying an additional 671 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in C&F Financial by 10.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,143 shares of the financial services provider's stock valued at $366,000 after acquiring an additional 473 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in C&F Financial by 41.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,976 shares of the financial services provider's stock valued at $711,000 after acquiring an additional 2,933 shares during the last quarter. 37.23% of the stock is owned by hedge funds and other institutional investors.

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.