C&F Financial (NASDAQ:CFFI) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of C&F Financial Corporation (NASDAQ:CFFI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.35 and traded as low as $69.69. C&F Financial shares last traded at $75.02, with a volume of 6,568 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of C&F Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

C&F Financial Price Performance

The stock has a market cap of $244.57 million, a P/E ratio of 9.06 and a beta of 0.34. The company’s 50 day moving average price is $73.96 and its 200-day moving average price is $71.35. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.36.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.07 earnings per share for the quarter. The company had revenue of $35.88 million for the quarter. C&F Financial had a net margin of 14.43% and a return on equity of 10.82%.

C&F Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from C&F Financial’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. C&F Financial’s payout ratio is currently 22.22%.

Hedge Funds Weigh In On C&F Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CFFI. BNP Paribas Financial Markets boosted its holdings in C&F Financial by 370.0% in the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 333 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in C&F Financial during the 2nd quarter worth approximately $36,000. New York State Common Retirement Fund acquired a new position in shares of C&F Financial in the 2nd quarter worth approximately $105,000. Rhumbline Advisers lifted its position in shares of C&F Financial by 2,137.3% in the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 3,035 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of C&F Financial by 40.7% in the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 1,550 shares during the last quarter. 37.23% of the stock is owned by institutional investors and hedge funds.

About C&F Financial

C&F Financial Corporation is the bank holding company for C&F Bank, a community?focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.