C&F Financial (NASDAQ:CFFI) Stock Crosses Above 50 Day Moving Average – Here’s Why

C&F Financial Corporation (NASDAQ:CFFI)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $76.22 and traded as high as $81.11. C&F Financial shares last traded at $80.00, with a volume of 2,877 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of C&F Financial in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, C&F Financial presently has an average rating of “Hold”.

C&F Financial Trading Up 0.8%

The business has a 50 day moving average of $76.29 and a 200-day moving average of $74.74. The stock has a market cap of $257.66 million, a PE ratio of 9.11 and a beta of 0.32. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter. C&F Financial had a return on equity of 11.03% and a net margin of 14.84%.The company had revenue of $36.26 million during the quarter.

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.92 annualized dividend and a dividend yield of 2.4%. C&F Financial’s dividend payout ratio (DPR) is currently 22.07%.

Insider Activity at C&F Financial

In other C&F Financial news, Director Elizabeth R. Kelley sold 1,025 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $73.00, for a total transaction of $74,825.00. Following the completion of the sale, the director directly owned 4,022 shares in the company, valued at $293,606. The trade was a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jason E. Long sold 1,360 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.50, for a total transaction of $102,680.00. Following the sale, the executive vice president directly owned 10,083 shares of the company’s stock, valued at approximately $761,266.50. This trade represents a 11.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,263 shares of company stock worth $320,344. 6.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Siena Capital Partners GP LLC acquired a new position in shares of C&F Financial in the fourth quarter worth about $500,000. Geode Capital Management LLC increased its holdings in shares of C&F Financial by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider’s stock valued at $5,295,000 after acquiring an additional 509 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of C&F Financial by 46.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 618 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in C&F Financial during the second quarter worth about $105,000. Finally, Rhumbline Advisers raised its stake in C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 3,035 shares during the period. 37.23% of the stock is owned by institutional investors and hedge funds.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.