C&F Financial (NASDAQ:CFFI) CEO Mark Fox Sells 1,000 Shares of Company Stock

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

C&F Financial Stock Up 1.1%

Shares of CFFI stock opened at $112.23 on Thursday. The stock has a 50 day moving average of $99.39 and a 200 day moving average of $82.67. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The stock has a market cap of $364.75 million, a P/E ratio of 12.20 and a beta of 0.34. C&F Financial Corporation has a twelve month low of $66.48 and a twelve month high of $115.40.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data 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 return on equity of 11.01% and a net margin of 15.37%. The business had revenue of $36.69 million for the quarter, compared to analyst estimates of $40.50 million. As a group, sell-side analysts expect that C&F Financial Corporation will post 9.56 EPS for the current year.

C&F Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 15th. C&F Financial’s payout ratio is 20.58%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. 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. 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. Wall Street Zen cut shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Zacks Research upgraded shares of C&F Financial to a “hold” rating in a research report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, C&F Financial currently 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. Bank of New York Mellon Corp 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 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 at the end of the most recent reporting period. 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. 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.