C&F Financial (NASDAQ:CFFI) Stock Passes Above 200-Day Moving Average – Here’s What Happened

C&F Financial Co. (NASDAQ:CFFI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $59.57 and traded as high as $74.79. C&F Financial shares last traded at $73.84, with a volume of 5,663 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

C&F Financial Price Performance

The stock’s 50-day moving average is $71.14 and its two-hundred day moving average is $59.85. The company has a market capitalization of $233.43 million, a PE ratio of 12.75 and a beta of 0.38. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. C&F Financial had a return on equity of 8.58% and a net margin of 11.39%. The firm had revenue of $33.46 million for the quarter.

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s dividend payout ratio is currently 31.10%.

Insider Transactions at C&F Financial

In other news, CEO Bryan Edwin Mckernon sold 1,262 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $76.00, for a total transaction of $95,912.00. Following the transaction, the chief executive officer now owns 13,245 shares of the company’s stock, valued at approximately $1,006,620. This represents a 8.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas F. Cherry sold 731 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $78.00, for a total transaction of $57,018.00. Following the transaction, the chief executive officer now directly owns 38,328 shares in the company, valued at $2,989,584. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,493 shares of company stock worth $627,075. Insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

Several hedge funds have recently modified their holdings of CFFI. Allspring Global Investments Holdings LLC acquired a new position in shares of C&F Financial in the 2nd quarter valued at $31,000. Renaissance Technologies LLC increased its holdings in shares of C&F Financial by 9.1% in the second quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock valued at $4,336,000 after purchasing an additional 7,500 shares during the period. Huber Capital Management LLC raised its stake in shares of C&F Financial by 42.7% in the second quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock worth $3,030,000 after purchasing an additional 18,804 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial during the second quarter worth about $201,000. Finally, Squarepoint Ops LLC purchased a new stake in C&F Financial in the second quarter valued at approximately $374,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

C&F Financial Company Profile

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.