C&F Financial (NASDAQ:CFFI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

C&F Financial Co. (NASDAQ:CFFI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $59.57 and traded as high as $74.79. C&F Financial shares last traded at $73.84, with a volume of 5,663 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut C&F Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

C&F Financial Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The business’s 50 day moving average price is $71.14 and its 200 day moving average price is $59.85. The firm has a market cap of $233.43 million, a PE ratio of 12.75 and a beta of 0.38.

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

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be issued a $0.44 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.44%. C&F Financial’s payout ratio is 31.10%.

Insiders Place Their Bets

In other news, CEO Thomas F. Cherry sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 39,059 shares of the company’s stock, valued at approximately $2,734,130. This trade represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO S Dustin Crone sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $72.71, for a total transaction of $101,794.00. Following the sale, the chief executive officer now owns 8,437 shares in the company, valued at approximately $613,454.27. This trade represents a 14.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,493 shares of company stock valued at $627,075 over the last 90 days. 6.30% of the stock is owned by company insiders.

Institutional Trading of C&F Financial

Several hedge funds have recently added to or reduced their stakes in CFFI. John G Ullman & Associates Inc. lifted its position in shares of C&F Financial by 2.0% during the 3rd quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 200 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of C&F Financial during the 2nd quarter worth about $31,000. Empowered Funds LLC increased its holdings in shares of C&F Financial by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 670 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial during the 2nd quarter worth about $201,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in C&F Financial in the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

About C&F Financial

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.