C&F Financial (NASDAQ:CFFI) Cut to “Hold” at StockNews.com

C&F Financial (NASDAQ:CFFI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

C&F Financial Price Performance

CFFI stock traded up $1.94 during trading on Tuesday, hitting $74.02. The stock had a trading volume of 16,604 shares, compared to its average volume of 12,542. The company’s 50-day moving average price is $61.54 and its two-hundred day moving average price is $53.65. C&F Financial has a twelve month low of $33.51 and a twelve month high of $75.00. The stock has a market capitalization of $239.08 million, a P/E ratio of 13.08 and a beta of 0.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88.

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

Insider Buying and Selling

In related news, CEO Thomas F. Cherry sold 2,000 shares of C&F Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00. Following the transaction, the chief executive officer now owns 39,059 shares in the company, valued at approximately $2,734,130. This trade represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CFFI. BNP Paribas Financial Markets grew its holdings in shares of C&F Financial by 69.4% in the first quarter. BNP Paribas Financial Markets now owns 8,018 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 3,286 shares during the period. Vanguard Group Inc. raised its stake in C&F Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after purchasing an additional 945 shares during the period. Huber Capital Management LLC boosted its holdings in C&F Financial by 3.6% in the 1st quarter. Huber Capital Management LLC now owns 44,061 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 1,516 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of C&F Financial in the 2nd quarter valued at approximately $31,000. Finally, Renaissance Technologies LLC increased its holdings in shares of C&F Financial by 9.1% during the 2nd quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock worth $4,336,000 after buying an additional 7,500 shares during the last quarter. 37.23% of the stock is owned by institutional investors and hedge funds.

About C&F Financial

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.