DA Davidson Reaffirms “Buy” Rating for C&F Financial (NASDAQ:CFFI)

C&F Financial (NASDAQ:CFFI)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $115.00 price target on the financial services provider’s stock. DA Davidson‘s price target suggests a potential upside of 5.92% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of C&F Financial to a “hold” rating in a research note on Wednesday, September 30th. Wall Street Zen lowered shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, 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. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

C&F Financial Stock Down 0.2%

Shares of NASDAQ:CFFI traded down $0.26 during midday trading on Tuesday, reaching $108.57. The company’s stock had a trading volume of 80,640 shares, compared to its average volume of 22,763. The firm has a 50 day moving average of $95.72 and a 200-day moving average of $81.05. The firm has a market capitalization of $352.85 million, a P/E ratio of 12.12 and a beta of 0.32. 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 $66.48 and a 12-month high of $110.10.

C&F Financial (NASDAQ:CFFI) last released its 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 firm had revenue of $36.69 million for the quarter, compared to the consensus estimate of $40.50 million. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%. On average, research analysts anticipate that C&F Financial will post 9.42 earnings per share for the current year.

Insider Buying and Selling at C&F Financial

In related news, EVP John A. Seaman III sold 650 shares of C&F Financial stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $84.61, for a total value of $54,996.50. Following the completion of the sale, the executive vice president directly owned 4,632 shares in the company, valued at $391,913.52. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas Cherry sold 500 shares of C&F Financial stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $87.13, for a total value of $43,565.00. Following the completion of the sale, the chief executive officer owned 38,869 shares of the company’s stock, valued at $3,386,655.97. The trade was a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,475 shares of company stock valued at $401,117. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On C&F Financial

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