C&F Financial (NASDAQ:CFFI) Releases Earnings Results

by · The Markets Daily

C&F Financial (NASDAQ:CFFI – Get Free Report) issued its earnings results on Monday. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.09, FiscalAI reports. The company had revenue of $36.69 million during the quarter, compared to the consensus estimate of $40.50 million. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.

C&F Financial Stock Performance

NASDAQ:CFFI traded up $1.50 during midday trading on Monday, reaching $108.83. The stock had a trading volume of 97,664 shares, compared to its average volume of 22,416. 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 firm’s fifty day simple moving average is $95.85 and its 200-day simple moving average is $84.32. The stock has a market capitalization of $353.70 million, a P/E ratio of 12.15 and a beta of 0.32. C&F Financial has a 1-year low of $66.48 and a 1-year high of $110.10.

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 1.8%. C&F Financial’s dividend payout ratio is presently 21.43%.

Insider Transactions at C&F Financial

In related news, CEO Thomas Cherry sold 500 shares of C&F Financial stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total transaction of $43,565.00. Following the sale, the chief executive officer directly owned 38,869 shares of the company’s stock, valued at $3,386,655.97. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Larry G. Dillon sold 1,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the completion of the transaction, the chairman owned 33,058 shares of the company’s stock, valued at approximately $3,142,824.06. This represents a 2.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,475 shares of company stock worth $401,116. 6.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen downgraded C&F Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. DA Davidson began coverage on C&F Financial in a research note on Tuesday, September 29th. They set a “buy” rating and a $115.00 price target for the company. Zacks Research upgraded C&F Financial to a “hold” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings raised C&F Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

View Our Latest Analysis on CFFI

About C&F Financial

(Get Free Report)

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.

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