C&F Financial (NASDAQ:CFFI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

C&F Financial Co. (NASDAQ:CFFI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $69.74 and traded as high as $73.79. C&F Financial shares last traded at $73.79, with a volume of 5,841 shares traded.

C&F Financial Trading Up 2.7 %

The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The company has a market cap of $239.08 million, a PE ratio of 12.24 and a beta of 0.33. The stock has a 50 day moving average price of $76.11 and a 200 day moving average price of $69.74.

C&F Financial (NASDAQ:CFFI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

C&F Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, March 14th. This is an increase from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio is currently 30.51%.

Insider Activity at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the sale, the chief executive officer now owns 11,005 shares in the company, valued at approximately $891,405. This trade represents a 8.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is currently owned by insiders.

Institutional Trading of C&F Financial

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of C&F Financial in the third quarter worth approximately $476,000. Empowered Funds LLC boosted its holdings in C&F Financial by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock worth $790,000 after buying an additional 670 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of C&F Financial in the third quarter worth about $272,000. John G Ullman & Associates Inc. boosted its stake in C&F Financial by 2.0% in the 3rd quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 200 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of C&F Financial during the fourth quarter worth $218,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

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.