Key Points
- C&F Financial CEO Mark Fox sold 1,000 shares for $111,990 at an average price of $111.99, reducing his direct stake by 8.68% to 10,527 shares.
- The company beat quarterly EPS estimates, reporting $2.55 per share versus $2.46 expected, but revenue of $36.69 million fell short of the $40.50 million analyst estimate.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $115; the company’s quarterly dividend annualizes to $1.92 per share, a 1.7% yield.
C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) CEO Mark Fox sold 1,000 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $111.99, for a total transaction of $111,990.00. Following the completion of the sale, the chief executive officer directly owned 10,527 shares of the company's stock, valued at approximately $1,178,918.73. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
C&F Financial Stock Performance
NASDAQ:CFFI opened at $112.23 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $364.75 million, a PE ratio of 12.20 and a beta of 0.34. C&F Financial Corporation has a fifty-two week low of $66.48 and a fifty-two week high of $115.40. The company has a fifty day moving average of $99.39 and a two-hundred day moving average of $82.67.
C&F Financial (NASDAQ:CFFI - Get Free Report) last announced its earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.09. C&F Financial had a net margin of 15.37% and a return on equity of 11.01%. The business had revenue of $36.69 million for the quarter, compared to analyst estimates of $40.50 million. As a group, research analysts forecast that C&F Financial Corporation will post 9.56 earnings per share for the current fiscal year.
C&F Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 15th. C&F Financial's dividend payout ratio is 20.58%.
Institutional Investors Weigh In On C&F Financial
An institutional investor recently bought a new stake in C&F Financial stock. Bank of New York Mellon Corp bought a new position in shares of C&F Financial Corporation (NASDAQ:CFFI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,882 shares of the financial services provider's stock, valued at approximately $631,000. Bank of New York Mellon Corp owned about 0.24% of C&F Financial as of its most recent SEC filing. Institutional investors own 37.23% of the company's stock.
Wall Street Analyst Weigh In
CFFI has been the topic of several research analyst reports. Weiss Ratings upgraded C&F Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. DA Davidson reissued a "buy" rating and set a $115.00 target price on shares of C&F Financial in a report on Tuesday, October 27th. Zacks Research raised C&F Financial to a "hold" rating in a report on Wednesday, September 30th. Finally, Wall Street Zen downgraded C&F Financial from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, C&F Financial has a consensus rating of "Moderate Buy" and an average target price of $115.00.
Get Our Latest Research Report on C&F Financial
C&F Financial Company Profile
(
Get Free Report)
C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Through its principal subsidiary, C&F Bank, the company provides banking and financial services to individuals, families, businesses and public-sector organizations.
C&F Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing, wealth management and other traditional banking services. The company also operates businesses focused on mortgage banking and consumer finance, expanding its product offerings beyond its core community banking operations.
Founded in 1927, C&F Financial serves customers primarily through a network of branches and lending offices in Virginia, with a presence concentrated in the eastern and central parts of the state.
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