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

C&F Financial (NASDAQ:CFFI) announced its earnings results on Tuesday. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, FiscalAI reports. C&F Financial had a net margin of 14.39% and a return on equity of 11.16%. The company had revenue of $36.02 million for the quarter.

C&F Financial Price Performance

Shares of CFFI stock traded up $1.20 during trading on Wednesday, hitting $69.50. The company had a trading volume of 729 shares, compared to its average volume of 12,484. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a market capitalization of $225.04 million, a P/E ratio of 8.60 and a beta of 0.46. The stock’s 50-day moving average price is $69.03 and its 200 day moving average price is $66.77. C&F Financial has a one year low of $53.13 and a one year high of $89.90.

C&F Financial Dividend Announcement

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

Insider Activity

In related news, CEO Thomas F. Cherry sold 1,205 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total value of $85,555.00. Following the completion of the sale, the chief executive officer directly owned 38,402 shares in the company, valued at approximately $2,726,542. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of C&F Financial by 110.3% during the second quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider’s stock valued at $4,483,000 after purchasing an additional 38,088 shares in the last quarter. American Century Companies Inc. lifted its position in shares of C&F Financial by 166.4% during the first quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 20,057 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of C&F Financial during the third quarter valued at about $854,000. Rhumbline Advisers raised its position in C&F Financial by 2,137.3% in the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 3,035 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in C&F Financial in the first quarter worth about $202,000. Institutional investors own 37.23% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of C&F Financial in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, C&F Financial has an average rating of “Buy”.

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.