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

Shares of C&F Financial Co. (NASDAQ:CFFI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $67.99 and traded as high as $80.08. C&F Financial shares last traded at $79.05, with a volume of 5,151 shares trading hands.

Wall Street Analyst Weigh In

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

C&F Financial Trading Up 0.6 %

The company has a market capitalization of $257.28 million, a P/E ratio of 13.19 and a beta of 0.38. The company has a 50-day simple moving average of $75.85 and a 200 day simple moving average of $67.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90.

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

C&F Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio is currently 30.51%.

Insider Activity at C&F Financial

In related news, CEO Thomas F. Cherry sold 731 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $78.00, for a total value of $57,018.00. Following the completion of the transaction, the chief executive officer now directly owns 38,328 shares in the company, valued at approximately $2,989,584. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bryan Edwin Mckernon sold 1,262 shares of C&F Financial stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $76.00, for a total transaction of $95,912.00. Following the sale, the chief executive officer now owns 13,245 shares in the company, valued at $1,006,620. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of C&F Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in C&F Financial by 13.2% during the fourth quarter. Millennium Management LLC now owns 15,311 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 1,788 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of C&F Financial by 234.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,284 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of C&F Financial by 1.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,893 shares of the financial services provider’s stock worth $3,056,000 after buying an additional 471 shares during the period. Citadel Advisors LLC acquired a new stake in C&F Financial in the 4th quarter valued at $459,000. Finally, Bank of America Corp DE boosted its stake in C&F Financial by 526.3% in the 4th quarter. Bank of America Corp DE now owns 5,017 shares of the financial services provider’s stock valued at $357,000 after buying an additional 4,216 shares in the last quarter. Institutional investors own 37.23% of the company’s stock.

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.