C&F Financial (NASDAQ:CFFI) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of C&F Financial (NASDAQ:CFFI) from a buy rating to a hold rating in a report released on Tuesday.

C&F Financial Stock Performance

Shares of NASDAQ CFFI opened at $74.02 on Tuesday. C&F Financial has a 12 month low of $33.51 and a 12 month high of $75.00. The company has a market cap of $239.08 million, a P/E ratio of 13.08 and a beta of 0.36. The business’s 50 day moving average is $61.54 and its two-hundred day moving average is $53.65. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

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

Insider Activity at C&F Financial

In related news, CEO Thomas F. Cherry sold 2,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 39,059 shares of the company’s stock, valued at $2,734,130. This trade represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

A number of hedge funds have recently made changes to their positions in the business. Huber Capital Management LLC increased its stake in C&F Financial by 42.7% in 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 acquiring an additional 18,804 shares during the period. GSA Capital Partners LLP acquired a new stake in C&F Financial during the third quarter valued at approximately $476,000. Squarepoint Ops LLC acquired a new position in shares of C&F Financial in the 2nd quarter worth approximately $374,000. Renaissance Technologies LLC lifted its position in shares of C&F Financial by 9.1% during the 2nd quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock worth $4,336,000 after buying an additional 7,500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in C&F Financial in the 3rd quarter valued at $272,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Company Profile

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.