C&F Financial (NASDAQ:CFFI) Given Buy Rating at DA Davidson

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

Other equities research analysts also recently issued research reports about the stock. 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. Weiss Ratings raised shares of C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised shares of C&F Financial to a “hold” rating in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, C&F Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

C&F Financial Price Performance

Shares of CFFI traded down $0.26 during mid-day trading on Tuesday, reaching $108.57. The stock had a trading volume of 80,639 shares, compared to its average volume of 22,763. The firm has a market cap of $352.85 million, a price-to-earnings ratio of 12.12 and a beta of 0.32. C&F Financial has a 12 month low of $66.48 and a 12 month high of $110.10. The business has a fifty day moving average of $95.72 and a 200 day moving average of $81.05. 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 (NASDAQ:CFFI) last posted its quarterly earnings results on Monday, October 26th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.09. The business had revenue of $36.69 million during the quarter, compared to analyst estimates of $40.50 million. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. Equities analysts predict that C&F Financial will post 9.42 EPS for the current year.

Insider Activity at C&F Financial

In other C&F Financial news, CEO S Dustin Crone sold 900 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $94.41, for a total transaction of $84,969.00. Following the transaction, the chief executive officer directly owned 8,378 shares in the company, valued at $790,966.98. This represents a 9.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas F. Cherry sold 500 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total transaction of $43,565.00. Following the transaction, the chief executive officer owned 38,869 shares in the company, valued at approximately $3,386,655.97. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,475 shares of company stock worth $401,117 over the last quarter. Corporate insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in C&F Financial stock. Bank of New York Mellon Corp purchased a new stake in C&F Financial Corporation (NASDAQ:CFFI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,882 shares of the financial services provider’s stock, valued at approximately $631,000. Bank of New York Mellon Corp owned approximately 0.24% of C&F Financial as of its most recent filing with the SEC. Institutional investors and hedge funds 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.