C&F Financial (NASDAQ:CFFI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of C&F Financial (NASDAQ:CFFI) from a hold rating to a buy rating in a research note published on Thursday morning.

C&F Financial Trading Up 0.1 %

Shares of NASDAQ CFFI opened at $62.56 on Thursday. C&F Financial has a 1-year low of $33.51 and a 1-year high of $72.00. The company has a 50-day moving average of $58.95 and a two-hundred day moving average of $51.16. The company has a market cap of $204.57 million, a PE ratio of 11.05 and a beta of 0.36. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43.

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.68%. The firm had revenue of $33.46 million during the quarter.

C&F Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, September 13th. C&F Financial’s dividend payout ratio is 31.10%.

Institutional Trading of C&F Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial during the 2nd quarter worth approximately $31,000. Clearstead Trust LLC bought a new position in C&F Financial in the first quarter valued at approximately $47,000. Cubist Systematic Strategies LLC acquired a new stake in C&F Financial during the 2nd quarter worth $201,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of C&F Financial during the 2nd quarter valued at $206,000. Finally, Squarepoint Ops LLC acquired a new position in shares of C&F Financial in the 2nd quarter valued at $374,000. 37.23% of the stock is owned by institutional investors.

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.