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2023-03-19 04:53
StockNews.com started coverage on shares of C&F Financial (NASDAQ:CFFI – Get Rating) in a report issued on Thursday. The firm set a "buy" rating on the financial services provider's stock.
Shares of CFFI traded down $1.95 during midday trading on Thursday, reaching $54.16. The stock had a trading volume of 8,683 shares, compared to its average volume of 6,205. The company's 50-day moving average is $58.63 and its 200 day moving average is $56.21. C&F Financial has a 12-month low of $43.10 and a 12-month high of $63.76. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $187.77 million, a price-to-earnings ratio of 6.51 and a beta of 0.26.
Get C&F Financial alerts:C&F Financial (NASDAQ:CFFI – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $2.30 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 13.80% and a net margin of 22.88%. The firm had revenue of $35.94 million during the quarter.
In related news, Director Audrey Dale Holmes sold 583 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $59.61, for a total transaction of $34,752.63. Following the completion of the sale, the director now directly owns 12,260 shares in the company, valued at approximately $730,818.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Audrey Dale Holmes sold 583 shares of the stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $59.61, for a total transaction of $34,752.63. Following the completion of the sale, the director now directly owns 12,260 shares in the company, valued at approximately $730,818.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas F. Cherry sold 1,000 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $59.25, for a total value of $59,250.00. Following the sale, the chief executive officer now owns 37,621 shares of the company's stock, valued at $2,229,044.25. The disclosure for this sale can be found here. In the last three months, insiders sold 3,175 shares of company stock worth $187,485. 6.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. LSV Asset Management raised its position in C&F Financial by 2.3% during the 1st quarter. LSV Asset Management now owns 38,267 shares of the financial services provider's stock valued at $1,918,000 after purchasing an additional 851 shares during the last quarter. Dimensional Fund Advisors LP raised its position in C&F Financial by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 185,674 shares of the financial services provider's stock valued at $9,304,000 after purchasing an additional 681 shares during the last quarter. State Street Corp raised its position in C&F Financial by 11.0% during the 1st quarter. State Street Corp now owns 9,486 shares of the financial services provider's stock valued at $479,000 after purchasing an additional 941 shares during the last quarter. First Manhattan Co. raised its position in C&F Financial by 24.5% during the 1st quarter. First Manhattan Co. now owns 20,295 shares of the financial services provider's stock valued at $1,025,000 after purchasing an additional 4,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in C&F Financial by 13.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 75,588 shares of the financial services provider's stock valued at $3,788,000 after purchasing an additional 9,203 shares during the last quarter. 30.00% of the stock is currently owned by hedge funds and other institutional investors.
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C&F Financial Corp. is a bank holding company engaged in the provision of banking services to individuals and businesses. It operates its business 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.
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