C&F Financial (NASDAQ:CFFI) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of C&F Financial Corporation (NASDAQ:CFFI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $76.22 and traded as high as $81.11. C&F Financial shares last traded at $80.00, with a volume of 2,877 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of C&F Financial in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

C&F Financial Stock Performance

The business’s fifty day moving average price is $76.22 and its two-hundred day moving average price is $74.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a market capitalization of $260 million, a P/E ratio of 9.20 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $2.08 EPS for the quarter. The firm had revenue of $36.26 million during the quarter. C&F Financial had a net margin of 14.84% and a return on equity of 11.03%.

C&F Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.48 per share. The ex-dividend date was Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.4%. C&F Financial’s dividend payout ratio is 22.07%.

Insider Activity

In other news, CEO Thomas F. Cherry sold 329 shares of C&F Financial stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $78.50, for a total value of $25,826.50. Following the completion of the transaction, the chief executive officer owned 39,540 shares in the company, valued at approximately $3,103,890. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth R. Kelley sold 1,025 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $73.00, for a total value of $74,825.00. Following the transaction, the director directly owned 4,022 shares in the company, valued at approximately $293,606. This represents a 20.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,263 shares of company stock valued at $320,344 in the last ninety days. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in C&F Financial by 110.3% in the 2nd quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider’s stock valued at $4,483,000 after acquiring an additional 38,088 shares during the last quarter. Siena Capital Partners GP LLC bought a new stake in shares of C&F Financial during the fourth quarter worth $500,000. Rhumbline Advisers boosted its stake in shares of C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 3,035 shares during the period. New York State Common Retirement Fund bought a new position in shares of C&F Financial in the second quarter worth about $105,000. Finally, Royal Bank of Canada grew its holdings in shares of C&F Financial by 40.7% in the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.