C&F Financial (NASDAQ:CFFI) Now Covered by DA Davidson

DA Davidson assumed coverage on shares of C&F Financial (NASDAQ:CFFI) in a research note published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $115.00 price target on the financial services provider’s stock.

CFFI has been the subject of several other research reports. Weiss Ratings raised shares of C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Wall Street Zen cut C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, C&F Financial has a consensus rating of “Buy” and an average price target of $115.00.

C&F Financial Trading Up 4.7%

Shares of CFFI opened at $99.15 on Tuesday. C&F Financial has a 52-week low of $64.71 and a 52-week high of $99.50. The stock has a market cap of $322.24 million, a PE ratio of 11.07 and a beta of 0.33. The firm’s fifty day moving average is $89.37 and its two-hundred day moving average is $80.52. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.42.

C&F Financial (NASDAQ:CFFI) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. The business had revenue of $39.37 million during the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.92 annualized dividend and a dividend yield of 1.9%. C&F Financial’s payout ratio is presently 21.43%.

Insider Activity

In other news, Director D Anthony Peay sold 425 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the completion of the sale, the director owned 1,850 shares in the company, valued at $158,952. This trade represents a 18.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO S Dustin Crone sold 900 shares of C&F Financial stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $94.41, for a total transaction of $84,969.00. Following the sale, the chief executive officer directly owned 8,378 shares in the company, valued at approximately $790,966.98. The trade was a 9.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,475 shares of company stock valued at $401,116 in the last quarter. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in C&F Financial in the second quarter valued at $270,000. Siena Capital Partners GP LLC purchased a new position in shares of C&F Financial during the 4th quarter worth $500,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of C&F Financial during the 2nd quarter worth $631,000. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

About C&F Financial

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its principal subsidiary, C&F Bank, which provides banking services to individuals, families, businesses and public-sector organizations.

C&F Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, business financing, treasury management and other traditional banking services. The company also provides mortgage banking services through C&F Mortgage Corporation and wealth management and trust services through C&F Wealth Management.

The company primarily serves communities in Virginia, with banking operations concentrated in the central and eastern parts of the state and the Northern Neck and Middle Peninsula regions.