C&F Financial (NASDAQ:CFFI) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, C&F Financial currently has an average rating of “Buy”.

C&F Financial Stock Performance

NASDAQ:CFFI opened at $94.89 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.91. The business has a fifty day moving average price of $84.69 and a 200-day moving average price of $78.28. The firm has a market capitalization of $308.39 million, a price-to-earnings ratio of 10.59 and a beta of 0.33. C&F Financial has a one year low of $64.71 and a one year high of $96.00.

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share for the quarter. The firm had revenue of $39.37 million for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 15th. C&F Financial’s dividend payout ratio (DPR) is currently 21.43%.

Insiders Place Their Bets

In other news, EVP John A. Seaman III sold 650 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $84.61, for a total transaction of $54,996.50. Following the completion of the sale, the executive vice president directly owned 4,632 shares of the company’s stock, valued at approximately $391,913.52. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Larry G. Dillon sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $86.00, for a total transaction of $86,000.00. Following the completion of the transaction, the chairman owned 34,058 shares in the company, valued at approximately $2,928,988. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,075 shares of company stock valued at $260,186 in the last three months. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On C&F Financial

A number of hedge funds have recently added to or reduced their stakes in CFFI. California State Teachers Retirement System raised its stake in shares of C&F Financial by 1,887.9% during the second quarter. California State Teachers Retirement System now owns 3,280 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 3,115 shares in the last quarter. Bank of New York Mellon Corp bought a new position in C&F Financial in the second quarter worth approximately $631,000. Siena Capital Partners GP LLC bought a new position in C&F Financial in the fourth quarter worth approximately $500,000. Geode Capital Management LLC increased its holdings in C&F Financial by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider’s stock worth $5,295,000 after purchasing an additional 509 shares during the period. Finally, BNP Paribas Financial Markets raised its position in C&F Financial by 46.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 618 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. 37.23% of the stock is currently owned by institutional investors.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community?focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.