C&F Financial (NASDAQ:CFFI) Stock Price Crosses Above 200 Day Moving Average - What's Next?

C&F Financial Co. (NASDAQ:CFFI - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $65.98 and traded as high as $87.77. C&F Financial shares last traded at $84.80, with a volume of 17,694 shares.

Wall Street Analysts Forecast Growth

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

C&F Financial Trading Down 1.4 %

The company has a market capitalization of $270.77 million, a P/E ratio of 13.90 and a beta of 0.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The firm has a fifty day moving average price of $75.20 and a 200-day moving average price of $66.48.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released 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 return on equity of 8.97% and a net margin of 11.67%.

Remove Ads

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, December 13th. C&F Financial's dividend payout ratio is presently 29.19%.

Insider Activity at C&F Financial

In related news, CEO S Dustin Crone sold 1,400 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $72.71, for a total value of $101,794.00. Following the transaction, the chief executive officer now owns 8,437 shares in the company, valued at approximately $613,454.27. This represents a 14.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John A. Seaman III sold 2,500 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $74.05, for a total value of $185,125.00. Following the completion of the transaction, the executive vice president now owns 4,494 shares in the company, valued at approximately $332,780.70. The trade was a 35.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,493 shares of company stock worth $487,075. Insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On C&F Financial

Institutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC purchased a new stake in shares of C&F Financial during the fourth quarter worth $5,344,000. Susquehanna International Group LLP lifted its position in shares of C&F Financial by 412.7% during the fourth quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after acquiring an additional 31,482 shares in the last quarter. Rhino Investment Partners Inc purchased a new stake in shares of C&F Financial during the fourth quarter worth $2,020,000. Raymond James Financial Inc. purchased a new stake in shares of C&F Financial during the fourth quarter worth $1,598,000. Finally, Jane Street Group LLC lifted its position in shares of C&F Financial by 150.1% during the fourth quarter. Jane Street Group LLC now owns 22,301 shares of the financial services provider's stock worth $1,589,000 after acquiring an additional 13,385 shares in the last quarter. 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.