C&F Financial (NASDAQ:CFFI) Stock Rating Upgraded by Zacks Research

C&F Financial (NASDAQ:CFFI) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday, Zacks reports.

A number of other equities research analysts have also recently weighed in on the company. DA Davidson assumed coverage on C&F Financial in a research note on Tuesday. They issued a “buy” rating and a $115.00 price objective for the company. Wall Street Zen lowered C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Weiss Ratings upgraded C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, C&F Financial has an average rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Stock Down 1.1%

C&F Financial stock opened at $96.85 on Wednesday. C&F Financial has a fifty-two week low of $64.71 and a fifty-two week high of $100.10. 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 firm has a 50 day moving average price of $90.14 and a 200 day moving average price of $80.88. The company has a market capitalization of $314.76 million, a PE ratio of 10.81 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.The company had revenue of $39.37 million for the quarter. Research analysts expect that C&F Financial will post 9.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Larry G. Dillon sold 1,000 shares of C&F Financial stock in a transaction on Friday, September 4th. The stock was sold at an average price of $95.07, for a total value of $95,070.00. Following the completion of the transaction, the chairman directly owned 33,058 shares in the company, valued at approximately $3,142,824.06. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO S Dustin Crone sold 900 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $94.41, for a total value of $84,969.00. Following the transaction, the chief executive officer directly owned 8,378 shares of the company’s stock, valued at $790,966.98. The trade was a 9.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,475 shares of company stock valued at $401,116. 6.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On C&F Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in C&F Financial in the second quarter valued at approximately $631,000. Siena Capital Partners GP LLC purchased a new position in C&F Financial in the fourth quarter worth approximately $500,000. Finally, Squarepoint Ops LLC acquired a new position in C&F Financial during the 2nd quarter worth approximately $270,000. 37.23% of the stock is owned by institutional investors and hedge funds.

About C&F Financial

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its principal subsidiary, C&F Bank, which provides banking services to individuals, families, businesses and public-sector organizations.

C&F Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, business financing, treasury management and other traditional banking services. The company also provides mortgage banking services through C&F Mortgage Corporation and wealth management and trust services through C&F Wealth Management.

The company primarily serves communities in Virginia, with banking operations concentrated in the central and eastern parts of the state and the Northern Neck and Middle Peninsula regions.