C&F Financial (NASDAQ:CFFI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of C&F Financial Corporation (NASDAQ:CFFI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $67.00 and traded as high as $70.90. C&F Financial shares last traded at $69.80, with a volume of 3,729 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of C&F Financial from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

C&F Financial Trading Down 1.6%

The firm has a market cap of $226.01 million, a P/E ratio of 8.64 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $68.87 and its two-hundred day moving average price is $67.00.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $2.18 EPS for the quarter. The firm had revenue of $36.02 million for the quarter. C&F Financial had a net margin of 14.39% and a return on equity of 11.16%.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. C&F Financial’s dividend payout ratio (DPR) is currently 22.77%.

Insider Buying and Selling

In other news, CEO Thomas F. Cherry sold 1,205 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total transaction of $85,555.00. Following the sale, the chief executive officer owned 38,402 shares in the company, valued at approximately $2,726,542. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake 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 worth $26,000 after acquiring an additional 333 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in C&F Financial in the 2nd quarter worth approximately $36,000. New York State Common Retirement Fund bought a new position in C&F Financial in the 2nd quarter worth approximately $105,000. Rhumbline Advisers lifted its holdings in C&F Financial by 2,137.3% during the 2nd 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. Finally, OMERS ADMINISTRATION Corp bought a new position in C&F Financial in the 1st quarter valued at $202,000. Institutional investors and hedge funds 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.