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

by · The Cerbat Gem

C&F Financial (NASDAQ:CFFI – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $2.40 EPS for the quarter, FiscalAI reports. The company had revenue of $39.37 million for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.90%.

C&F Financial Trading Up 0.2%

Shares of CFFI stock opened at $78.00 on Friday. The stock has a fifty day simple moving average of $77.14 and a two-hundred day simple moving average of $75.20. C&F Financial has a 52-week low of $61.45 and a 52-week high of $86.18. The firm has a market capitalization of $253.50 million, a PE ratio of 8.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.90.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.5%. C&F Financial’s payout ratio is 22.07%.

Insider Activity

In other news, CEO Thomas F. Cherry sold 678 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $75.56, for a total transaction of $51,229.68. Following the sale, the chief executive officer directly owned 39,869 shares in the company, valued at approximately $3,012,501.64. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth R. Kelley sold 1,025 shares of C&F Financial stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $73.00, for a total value of $74,825.00. Following the completion of the transaction, the director owned 4,022 shares of the company’s stock, valued at approximately $293,606. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,263 shares of company stock worth $320,344 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in C&F Financial by 46.1% in the third quarter. BNP Paribas Financial Markets now owns 618 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Geode Capital Management LLC grew its stake in C&F Financial by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider’s stock worth $5,295,000 after buying an additional 509 shares during the last quarter. Empowered Funds LLC increased its position in C&F Financial by 7.1% during the 1st quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in C&F Financial by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,339 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in C&F Financial by 40.7% in the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors own 37.23% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of C&F Financial in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, C&F Financial has a consensus rating of “Hold”.

Check Out Our Latest Report on CFFI

C&F Financial Company Profile

(Get Free Report)

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.

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