C&F Financial (NASDAQ:CFFI) Shares Pass Above 200 Day Moving Average – Here’s Why

C&F Financial Corporation (NASDAQ:CFFI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $67.28 and traded as high as $69.57. C&F Financial shares last traded at $68.14, with a volume of 3,250 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of C&F Financial in a report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

C&F Financial Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $220.77 million, a P/E ratio of 8.43 and a beta of 0.34. The firm has a 50 day moving average price of $68.49 and a 200 day moving average price of $67.28.

C&F Financial (NASDAQ:CFFI) last released its earnings results on Tuesday, November 4th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 14.39% and a return on equity of 10.94%. The company had revenue of $36.02 million during the quarter.

C&F Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Monday, December 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 15th. C&F Financial’s dividend payout ratio (DPR) is presently 22.77%.

Institutional Investors Weigh In On C&F Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of C&F Financial by 166.4% in the first quarter. American Century Companies Inc. now owns 32,114 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 20,057 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of C&F Financial in the first quarter worth $202,000. Royal Bank of Canada boosted its position in shares of C&F Financial by 40.7% during the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 1,550 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of C&F Financial by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in C&F Financial by 7.1% during the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider’s stock valued at $1,026,000 after acquiring an additional 1,015 shares in the last quarter. 37.23% of the stock is owned by institutional investors.

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.