C&F Financial (NASDAQ:CFFI) Issues Earnings Results

C&F Financial (NASDAQ:CFFI) issued its earnings results on Monday. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.09, FiscalAI reports. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. The firm had revenue of $36.69 million during the quarter, compared to analyst estimates of $40.50 million.

C&F Financial Price Performance

Shares of CFFI stock traded up $1.50 during trading hours on Monday, reaching $108.83. The stock had a trading volume of 97,665 shares, compared to its average volume of 22,481. The stock’s fifty day simple moving average is $95.85 and its 200 day simple moving average is $84.32. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. C&F Financial has a 12 month low of $66.48 and a 12 month high of $110.10. The firm has a market capitalization of $353.70 million, a PE ratio of 12.15 and a beta of 0.32.

C&F Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 15th. C&F Financial’s dividend payout ratio is presently 21.43%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CFFI. Wall Street Zen downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings upgraded shares of C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. DA Davidson initiated coverage on shares of C&F Financial in a report on Tuesday, September 29th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Zacks Research upgraded C&F Financial to a “hold” rating in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Insider Activity at C&F Financial

In other C&F Financial news, EVP John A. Seaman III sold 650 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $84.61, for a total value of $54,996.50. Following the sale, the executive vice president directly owned 4,632 shares in the company, valued at $391,913.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Cherry sold 500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total transaction of $43,565.00. Following the completion of the sale, the chief executive officer owned 38,869 shares in the company, valued at $3,386,655.97. This represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,475 shares of company stock valued at $401,116 in the last quarter. 6.40% of the stock is currently owned by company insiders.

C&F Financial Company Profile

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

C&F Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing, wealth management and other traditional banking services. The company also operates businesses focused on mortgage banking and consumer finance, expanding its product offerings beyond its core community banking operations.

Founded in 1927, C&F Financial serves customers primarily through a network of branches and lending offices in Virginia, with a presence concentrated in the eastern and central parts of the state.