C&F Financial (NASDAQ:CFFI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of C&F Financial Corporation (NASDAQ:CFFI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $66.53 and traded as high as $70.12. C&F Financial shares last traded at $70.12, with a volume of 2,887 shares trading hands.

C&F Financial Price Performance

The firm’s fifty day moving average price is $67.80 and its 200 day moving average price is $66.53. The firm has a market capitalization of $227.19 million, a PE ratio of 9.29 and a beta of 0.48. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $2.37 EPS for the quarter. The business had revenue of $36.36 million for the quarter. C&F Financial had a net margin of 13.67% and a return on equity of 10.52%.

C&F Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 15th. C&F Financial’s payout ratio is currently 24.37%.

Insider Activity

In related news, CEO Thomas F. Cherry sold 1,205 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $71.00, for a total value of $85,555.00. Following the completion of the transaction, the chief executive officer directly owned 38,402 shares in the company, valued at $2,726,542. The trade was a 3.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C&F Financial

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in shares of C&F Financial by 370.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 333 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of C&F Financial in the 2nd quarter valued at $36,000. New York State Common Retirement Fund acquired a new position in shares of C&F Financial in the 2nd quarter valued at $105,000. Cubist Systematic Strategies LLC lifted its stake 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 valued at $130,000 after purchasing an additional 1,284 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of C&F Financial in the 1st quarter valued at $202,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

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.