C&F Financial (NASDAQ:CFFI) Now Covered by Analysts at DA Davidson

Stock analysts at DA Davidson initiated coverage on shares of C&F Financial (NASDAQ:CFFI) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $115.00 price target on the financial services provider’s stock. DA Davidson’s price target suggests a potential upside of 15.99% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings upgraded C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Wall Street Zen cut C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $115.00.

C&F Financial Price Performance

Shares of CFFI stock opened at $99.15 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.42. C&F Financial has a 12-month low of $64.71 and a 12-month high of $99.50. The firm has a fifty day moving average of $89.37 and a 200-day moving average of $80.52. The firm has a market capitalization of $322.24 million, a price-to-earnings ratio of 11.07 and a beta of 0.33.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. The business had revenue of $39.37 million for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.

Insider Transactions at C&F Financial

In other C&F Financial news, Director D Anthony Peay sold 425 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $85.92, for a total transaction of $36,516.00. Following the completion of the transaction, the director owned 1,850 shares in the company, valued at approximately $158,952. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO S Dustin Crone sold 900 shares of C&F Financial stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $94.41, for a total value of $84,969.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,475 shares of company stock worth $401,116. Company insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CFFI. Bank of New York Mellon Corp bought a new stake in C&F Financial in the 2nd quarter valued at approximately $631,000. Siena Capital Partners GP LLC bought a new position in shares of C&F Financial during the 4th quarter worth approximately $500,000. Finally, Squarepoint Ops LLC bought a new position in shares of C&F Financial during the 2nd quarter worth approximately $270,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

About C&F Financial

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its principal subsidiary, C&F Bank, which provides banking services to individuals, families, businesses and public-sector organizations.

C&F Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, business financing, treasury management and other traditional banking services. The company also provides mortgage banking services through C&F Mortgage Corporation and wealth management and trust services through C&F Wealth Management.

The company primarily serves communities in Virginia, with banking operations concentrated in the central and eastern parts of the state and the Northern Neck and Middle Peninsula regions.