C&F Financial (NASDAQ:CFFI) Share Price Passes Above 200-Day Moving Average – What’s Next?

C&F Financial Co. (NASDAQ:CFFI) crossed 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 traded.

Wall Street Analyst Weigh In

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

C&F Financial Price Performance

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

C&F Financial (NASDAQ:CFFI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share 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 announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were given a $0.44 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.08%. C&F Financial’s dividend payout ratio is presently 29.19%.

Insider Transactions at C&F Financial

In related news, EVP John A. Seaman III sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $74.05, for a total value of $185,125.00. Following the sale, the executive vice president now owns 4,494 shares of the company’s stock, valued at $332,780.70. This trade represents a 35.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bryan Edwin Mckernon sold 1,262 shares of C&F Financial stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $76.00, for a total value of $95,912.00. Following the transaction, the chief executive officer now owns 13,245 shares in the company, valued at approximately $1,006,620. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,493 shares of company stock valued at $487,075 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management bought a new stake in C&F Financial in the fourth quarter valued at approximately $218,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of C&F Financial in the third quarter valued at about $272,000. GSA Capital Partners LLP bought a new position in C&F Financial during the 3rd quarter worth $476,000. John G Ullman & Associates Inc. raised its stake in C&F Financial by 2.0% in the third quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 200 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of C&F Financial by 41.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,976 shares of the financial services provider’s stock worth $711,000 after buying an additional 2,933 shares in the last quarter. 37.23% of the stock is owned by institutional investors and hedge funds.

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.