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

C&F Financial (NASDAQ:CFFI)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research 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 target price suggests a potential upside of 6.84% from the company’s previous close.

Other research analysts have also issued reports about 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. 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. Finally, Zacks Research upgraded shares of C&F Financial to a “hold” rating in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, C&F Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

C&F Financial Price Performance

Shares of CFFI stock traded down $1.19 during trading hours on Tuesday, hitting $107.64. The stock had a trading volume of 64,623 shares, compared to its average volume of 22,683. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $349.83 million, a price-to-earnings ratio of 12.01 and a beta of 0.32. C&F Financial has a one year low of $66.48 and a one year high of $110.10. The stock’s 50-day moving average price is $95.72 and its two-hundred day moving average price is $81.05.

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

Insider Buying and Selling at C&F Financial

In related news, Chairman Larry G. Dillon sold 1,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the transaction, the chairman directly owned 33,058 shares in the company, valued at approximately $3,142,824.06. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO S Dustin Crone sold 900 shares of the company’s 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 owned 8,378 shares in the company, valued at $790,966.98. The trade was a 9.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,475 shares of company stock valued at $401,117. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in C&F Financial stock. Squarepoint Ops LLC bought a new stake in C&F Financial Corporation (NASDAQ:CFFI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,378 shares of the financial services provider’s stock, valued at approximately $270,000. Squarepoint Ops LLC owned about 0.10% of C&F Financial at the end of the most recent reporting period. 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.