C&F Financial (NASDAQ:CFFI) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

C&F Financial Trading Up 0.6 %

NASDAQ CFFI opened at $74.92 on Tuesday. The firm has a 50 day simple moving average of $62.61 and a 200-day simple moving average of $54.15. The firm has a market cap of $241.99 million, a price-to-earnings ratio of 13.24 and a beta of 0.36. 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 has a one year low of $33.51 and a one year high of $76.25.

C&F Financial (NASDAQ:CFFI) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. The firm had revenue of $33.46 million for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%.

Insider Activity

In other news, CEO Thomas F. Cherry sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,059 shares of the company’s stock, valued at approximately $2,734,130. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

Several hedge funds have recently made changes to their positions in CFFI. Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial during the second quarter worth $31,000. Cubist Systematic Strategies LLC acquired a new stake in C&F Financial in the second quarter valued at $201,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in C&F Financial during the 2nd quarter valued at about $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in C&F Financial in the 3rd quarter valued at approximately $272,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of C&F Financial in the second quarter valued at $374,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Company Profile

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.