C&F Financial (NASDAQ:CFFI) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of C&F Financial (NASDAQ:CFFI) from a hold rating to a buy rating in a research report report published on Thursday.

C&F Financial Trading Down 0.4 %

CFFI stock traded down $0.23 during midday trading on Thursday, hitting $62.52. The stock had a trading volume of 4,027 shares, compared to its average volume of 5,300. The company’s 50-day moving average price is $58.88 and its 200 day moving average price is $50.88. C&F Financial has a 12-month low of $33.51 and a 12-month high of $72.00. The firm has a market cap of $204.44 million, a PE ratio of 11.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.88.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.68%. The firm had revenue of $33.46 million during the quarter.

C&F Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a $0.44 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.82%. C&F Financial’s payout ratio is currently 31.10%.

Institutional Trading of C&F Financial

Several hedge funds have recently made changes to their positions in CFFI. Allspring Global Investments Holdings LLC bought a new position in C&F Financial during the 2nd quarter worth $31,000. Clearstead Trust LLC bought a new position in shares of C&F Financial during the first quarter worth about $47,000. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial in the 2nd quarter worth about $201,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in C&F Financial in the 2nd quarter valued at about $206,000. Finally, Squarepoint Ops LLC acquired a new position in C&F Financial during the 2nd quarter valued at about $374,000. Institutional investors 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.