C&F Financial’s (CFFI) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of C&F Financial (NASDAQ:CFFI) in a research note published on Tuesday,Benzinga reports. DA Davidson currently has a $115.00 price target on the financial services provider’s stock.

CFFI has been the subject of a number of other reports. Wall Street Zen cut C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Zacks Research upgraded C&F Financial to a “hold” rating in a research note on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

C&F Financial Stock Performance

Shares of NASDAQ:CFFI opened at $111.25 on Tuesday. The company has a market capitalization of $361.56 million, a price-to-earnings ratio of 12.06 and a beta of 0.32. C&F Financial has a 52 week low of $66.48 and a 52 week high of $112.33. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $97.51 and a 200 day moving average of $81.85.

C&F Financial (NASDAQ:CFFI) last announced its earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.09. C&F Financial had a return on equity of 11.01% and a net margin of 15.37%. The business had revenue of $36.69 million for the quarter, compared to analysts’ expectations of $40.50 million. On average, sell-side analysts predict that C&F Financial will post 9.56 earnings per share for the current fiscal year.

C&F Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.7%. C&F Financial’s dividend payout ratio is presently 20.58%.

Insider Activity

In other news, CEO S Dustin Crone sold 900 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $94.41, for a total value of $84,969.00. Following the completion of the sale, the chief executive officer owned 8,378 shares of the company’s stock, valued at $790,966.98. This trade represents a 9.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director D Anthony Peay sold 425 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.92, for a total value of $36,516.00. Following the transaction, the director owned 1,850 shares in the company, valued at approximately $158,952. This trade represents a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,475 shares of company stock worth $401,116. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

A hedge fund recently bought a new position in C&F Financial stock. Bank of New York Mellon Corp acquired a new stake in C&F Financial Corporation (NASDAQ:CFFI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,882 shares of the financial services provider’s stock, valued at approximately $631,000. Bank of New York Mellon Corp owned about 0.24% of C&F Financial as of its most recent SEC filing. 37.23% of the stock is currently owned by institutional investors.

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.