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

C&F Financial Co. (NASDAQ:CFFI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $65.98 and traded as high as $87.77. C&F Financial shares last traded at $84.80, with a volume of 17,694 shares trading hands.

Analyst Ratings Changes

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

C&F Financial Trading Down 1.5 %

The company’s 50 day simple moving average is $74.78 and its two-hundred day simple moving average is $65.98. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $273.90 million, a price-to-earnings ratio of 14.06 and a beta of 0.38.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.87 EPS for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a yield of 2.08%. C&F Financial’s payout ratio is 29.19%.

Insider Activity

In related news, EVP John A. Seaman III sold 2,500 shares of C&F Financial stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $74.05, for a total transaction of $185,125.00. Following the completion of the sale, the executive vice president now 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 through this hyperlink. Also, CFO Jason E. Long sold 600 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $78.71, for a total transaction of $47,226.00. Following the completion of the transaction, the chief financial officer now owns 9,600 shares in the company, valued at approximately $755,616. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,493 shares of company stock valued at $487,075 over the last ninety days. 6.30% of the stock is currently owned by insiders.

Institutional Trading of C&F Financial

Several large investors have recently made changes to their positions in CFFI. Truffle Hound Capital LLC acquired a new position in shares of C&F Financial in the fourth quarter worth about $5,344,000. Raymond James Financial Inc. purchased a new position in shares of C&F Financial in the 4th quarter valued at about $1,598,000. GSA Capital Partners LLP purchased a new position in C&F Financial during the third quarter worth approximately $476,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in C&F Financial in the third quarter valued at approximately $272,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of C&F Financial in the fourth quarter valued at approximately $218,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

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.