Insider Selling: C&F Financial (NASDAQ:CFFI) CEO Sells 1,000 Shares of Stock

C&F Financial Corporation (NASDAQ:CFFI) CEO Mark Fox sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $111.99, for a total value of $111,990.00. Following the completion of the sale, the chief executive officer owned 10,527 shares in the company, valued at approximately $1,178,918.73. This represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

C&F Financial Stock Performance

CFFI traded up $0.89 during midday trading on Wednesday, hitting $111.87. 93,075 shares of the company were exchanged, compared to its average volume of 24,497. The company’s 50 day simple moving average is $98.93 and its 200 day simple moving average is $82.47. The firm has a market capitalization of $363.58 million, a price-to-earnings ratio of 11.96 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. C&F Financial Corporation has a 1-year low of $66.48 and a 1-year high of $115.40.

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. The firm had revenue of $36.69 million for the quarter, compared to analyst estimates of $40.50 million. C&F Financial had a return on equity of 11.01% and a net margin of 15.37%. As a group, sell-side analysts predict that C&F Financial Corporation will post 9.56 earnings per share for the current year.

C&F Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 15th. C&F Financial’s dividend payout ratio is currently 20.58%.

Analyst Ratings Changes

CFFI has been the subject of several recent research reports. Wall Street Zen lowered shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings raised shares of C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Zacks Research raised shares of C&F Financial to a “hold” rating in a report on Wednesday, September 30th. Finally, DA Davidson restated a “buy” rating and set a $115.00 price target on shares of C&F Financial in a research report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Institutional Trading of C&F Financial

A hedge fund recently bought a new stake in C&F Financial stock. Squarepoint Ops LLC acquired a new stake in C&F Financial Corporation (NASDAQ:CFFI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 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.