C&F Financial (NASDAQ:CFFI) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

C&F Financial Co. (NASDAQ:CFFI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $62.75 and traded as high as $76.30. C&F Financial shares last traded at $74.06, with a volume of 10,829 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded C&F Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th.

C&F Financial Price Performance

The stock has a 50 day moving average price of $73.53 and a two-hundred day moving average price of $62.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. The company has a market capitalization of $237.18 million, a PE ratio of 12.97 and a beta of 0.38.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. The company had revenue of $33.46 million during the quarter. C&F Financial had a return on equity of 8.58% and a net margin of 11.39%.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Friday, December 13th. C&F Financial's dividend payout ratio is 31.10%.

Insider Activity

In other news, CEO Bryan Edwin Mckernon sold 1,262 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $76.00, for a total transaction of $95,912.00. Following the transaction, the chief executive officer now owns 13,245 shares of the company's stock, valued at approximately $1,006,620. This represents a 8.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas F. Cherry sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,059 shares in the company, valued at $2,734,130. This trade represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,493 shares of company stock valued at $627,075. Insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On C&F Financial

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in C&F Financial during the third quarter worth $476,000. Squarepoint Ops LLC bought a new position in C&F Financial during the second quarter worth $374,000. Renaissance Technologies LLC increased its position in C&F Financial by 9.1% during the second quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider's stock worth $4,336,000 after acquiring an additional 7,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in C&F Financial during the third quarter worth $272,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in C&F Financial during the second quarter worth $206,000. 37.23% of the stock is owned by 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.