C&F Financial (NASDAQ:CFFI) Stock Rating Lowered by StockNews.com

C&F Financial (NASDAQ:CFFI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

C&F Financial Trading Up 0.6 %

CFFI opened at $74.48 on Tuesday. C&F Financial has a 52 week low of $33.51 and a 52 week high of $75.05. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $61.90 and its two-hundred day moving average is $53.86. The firm has a market cap of $240.20 million, a price-to-earnings ratio of 13.16 and a beta of 0.36.

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

Insider Activity

In other news, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction dated 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 owns 39,059 shares of the company’s stock, valued at $2,734,130. This represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Huber Capital Management LLC raised its stake in C&F Financial by 42.7% during the second quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock valued at $3,030,000 after buying an additional 18,804 shares in the last quarter. Vanguard Group Inc. raised its position in shares of C&F Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after buying an additional 945 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in C&F Financial in the second quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in C&F Financial during the second quarter valued at about $206,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of C&F Financial in the 2nd quarter worth $201,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

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. 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.