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

C&F Financial (NASDAQ:CFFI) released its quarterly earnings data on Tuesday. The financial services provider reported $1.87 EPS for the quarter, Zacks reports. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%.

C&F Financial Price Performance

CFFI traded down $1.17 during trading on Tuesday, reaching $74.24. 3,369 shares of the company were exchanged, compared to its average volume of 10,916. The company’s 50-day moving average is $73.72 and its two-hundred day moving average is $63.82. C&F Financial has a 12-month low of $33.51 and a 12-month high of $80.87. The company has a market cap of $239.78 million, a price-to-earnings ratio of 13.12 and a beta of 0.38. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.37%. C&F Financial’s payout ratio is currently 31.10%.

Analyst Upgrades and Downgrades

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.

Insider Activity at C&F Financial

In other C&F Financial news, EVP John A. Seaman III sold 2,500 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $74.05, for a total value of $185,125.00. Following the completion of the sale, the executive vice president now directly owns 4,494 shares of the company’s stock, valued at $332,780.70. The trade was a 35.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the transaction, the chief executive officer now directly owns 39,059 shares of the company’s stock, valued at $2,734,130. The trade was a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,493 shares of company stock valued at $627,075. Company insiders own 6.30% of the company’s stock.

About C&F Financial

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.