C&F Financial (NASDAQ:CFFI) Stock Passes Below 200 Day Moving Average of $55.81

C&F Financial Co. (NASDAQ:CFFI – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $55.81 and traded as low as $50.76. C&F Financial shares last traded at $51.01, with a volume of 4,180 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on C&F Financial in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

C&F Financial Price Performance

The stock has a market cap of $174.96 million, a price-to-earnings ratio of 5.94 and a beta of 0.28. The company has a 50 day simple moving average of $52.57 and a 200-day simple moving average of $55.81. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.27.

C&F Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.45%. C&F Financial’s dividend payout ratio (DPR) is presently 20.49%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP boosted its position in C&F Financial by 120.7% during the first quarter. Susquehanna International Group LLP now owns 19,140 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 10,469 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of C&F Financial during the 1st quarter worth approximately $413,000. State Street Corp raised its stake in shares of C&F Financial by 3.8% during the 1st quarter. State Street Corp now owns 10,837 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of C&F Financial by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 30,421 shares of the financial services provider’s stock valued at $1,573,000 after buying an additional 476 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of C&F Financial by 0.4% in the first quarter. Renaissance Technologies LLC now owns 82,000 shares of the financial services provider’s stock valued at $4,240,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 30.00% of the company’s stock.

C&F Financial Company Profile

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C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.