C&F Financial (NASDAQ:CFFI) Stock Price Crosses Below 200-Day Moving Average of $54.17

Shares of C&F Financial Co. (NASDAQ:CFFI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.17 and traded as low as $52.90. C&F Financial shares last traded at $54.42, with a volume of 5,186 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on C&F Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock.

C&F Financial Stock Up 3.6 %

The firm has a market cap of $184.70 million, a price-to-earnings ratio of 6.39 and a beta of 0.31. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $54.69 and a 200-day moving average of $54.17.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 13.90% and a net margin of 20.59%. The company had revenue of $32.11 million during the quarter.

C&F Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 14th. C&F Financial’s dividend payout ratio is presently 20.66%.

Institutional Investors Weigh In On C&F Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. OLD Point Trust & Financial Services N A acquired a new stake in shares of C&F Financial during the second quarter worth $38,000. Bank of America Corp DE raised its position in shares of C&F Financial by 4,606.3% during the first quarter. Bank of America Corp DE now owns 753 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 737 shares during the period. BNP Paribas Arbitrage SNC raised its position in shares of C&F Financial by 1,167.1% during the second quarter. BNP Paribas Arbitrage SNC now owns 925 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 852 shares during the period. California State Teachers Retirement System acquired a new stake in shares of C&F Financial during the second quarter worth $59,000. Finally, UBS Group AG raised its position in shares of C&F Financial by 39.8% during the third quarter. UBS Group AG now owns 1,148 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 327 shares during the period. 36.82% of the stock is owned by institutional investors and hedge funds.

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. The company's community Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.