C&F Financial (NASDAQ:CFFI) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

C&F Financial (NASDAQ:CFFI) posted its quarterly earnings results on Monday. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.09, FiscalAI reports. The company had revenue of $36.69 million during the quarter, compared to analyst estimates of $40.50 million.

C&F Financial Stock Up 0.2%

Shares of NASDAQ:CFFI opened at $109.09 on Wednesday. C&F Financial has a 12 month low of $66.48 and a 12 month high of $110.29. The company’s 50-day moving average price is $96.59 and its two-hundred day moving average price is $81.44. The firm has a market cap of $354.75 million, a P/E ratio of 11.73 and a beta of 0.32.

C&F Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 1.8%. C&F Financial’s payout ratio is currently 20.58%.

Insider Transactions at C&F Financial

In related news, CEO Thomas F. Cherry sold 500 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total value of $43,565.00. Following the completion of the sale, the chief executive officer owned 38,869 shares in the company, valued at approximately $3,386,655.97. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director D Anthony Peay sold 425 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total transaction of $36,516.00. Following the completion of the sale, the director owned 1,850 shares of the company’s stock, valued at approximately $158,952. This represents a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,475 shares of company stock worth $401,116 over the last ninety days. 6.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CFFI shares. Zacks Research raised C&F Financial to a “hold” rating in a research note on Wednesday, September 30th. DA Davidson reaffirmed a “buy” rating and set a $115.00 target price on shares of C&F Financial in a research report on Tuesday. Weiss Ratings upgraded C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of C&F Financial from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.00.

About C&F Financial

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

C&F Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing, wealth management and other traditional banking services. The company also operates businesses focused on mortgage banking and consumer finance, expanding its product offerings beyond its core community banking operations.

Founded in 1927, C&F Financial serves customers primarily through a network of branches and lending offices in Virginia, with a presence concentrated in the eastern and central parts of the state.