C&F Financial’s (CFFI) “Buy” Rating Reiterated at DA Davidson

C&F Financial (NASDAQ:CFFI)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $115.00 target price on the financial services provider’s stock. DA Davidson‘s price objective points to a potential upside of 5.92% from the stock’s current price.

Several other brokerages have also commented on CFFI. Zacks Research raised C&F Financial to a “hold” rating in a report on Wednesday, September 30th. Weiss Ratings upgraded C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, C&F Financial has an average rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Trading Down 0.2%

CFFI stock traded down $0.26 during trading on Tuesday, hitting $108.57. 80,640 shares of the company traded hands, compared to its average volume of 22,763. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.92. C&F Financial has a 1 year low of $66.48 and a 1 year high of $110.10. The company has a 50-day moving average of $95.72 and a 200-day moving average of $81.05. The firm has a market capitalization of $352.85 million, a PE ratio of 12.12 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI) last posted its earnings results on Monday, October 26th. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.46 by $0.09. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. The firm had revenue of $36.69 million during the quarter, compared to analysts’ expectations of $40.50 million. Analysts predict that C&F Financial will post 9.42 earnings per share for the current fiscal year.

Insider Activity at C&F Financial

In other C&F Financial news, Director D Anthony Peay sold 425 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.92, for a total value of $36,516.00. Following the sale, the director directly owned 1,850 shares of the company’s stock, valued at approximately $158,952. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Cherry sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total transaction of $43,565.00. Following the sale, the chief executive officer directly owned 38,869 shares in the company, valued at approximately $3,386,655.97. The trade was a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,475 shares of company stock worth $401,117 over the last quarter. 6.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C&F Financial

A hedge fund recently bought a new stake in C&F Financial stock. Squarepoint Ops LLC acquired a new position in C&F Financial Corporation (NASDAQ:CFFI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,378 shares of the financial services provider’s stock, valued at approximately $270,000. Squarepoint Ops LLC owned approximately 0.10% of C&F Financial as of its most recent SEC filing. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

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.