C&F Financial (NASDAQ:CFFI) coverage launches on StockNews.com


StockNews.com initiated a hedge on the shares of C&F Financial (NASDAQ: CFFIGet a rating) in a report released Friday. The brokerage has set a “buy” rating on the shares of the financial services provider.

NASDAQ CFFI opened at $51.00 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt ratio of 0.26. C&F Financial has a 52 week low of $45.92 and a 52 week high of $55.00. The stock has a market capitalization of $180.34 million, a PE ratio of 6.70 and a beta of 0.44. The company has a 50-day moving average of $50.72 and a two-hundred-day moving average of $51.18.

In other C&F Financial news, Director James H. Hudson III sold 2,200 shares of the company in a trade that took place on Thursday, May 5. The shares were sold at an average price of $51.01, for a total transaction of $112,222.00. Following completion of the transaction, the administrator now owns 11,627 shares of the company, valued at approximately $593,093.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Insiders hold 6.40% of the shares of the company.

Several large investors have recently changed their stake in the company. Dimensional Fund Advisors LP increased its position in C&F Financial shares by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 189,596 shares of the financial services provider worth $10,069,000 after buying 3,266 additional shares in the last quarter. The Manufacturers Life Insurance Company increased its position in C&F Financial by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,385 shares of the financial services provider valued at $3,398,000 after purchasing an additional 1,448 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in C&F Financial by 39.0% in the third quarter. The Manufacturers Life Insurance Company now owns 64,937 shares of the financial services provider valued at $3,449,000 after buying an additional 18,205 shares in the last quarter. Advisor Group Holdings Inc. increased its position in C&F Financial by 0.7% in Q1. Advisor Group Holdings Inc. now owns 55,874 shares of the financial services provider valued at $2,823,000 after buying 413 additional shares in the last quarter. Finally, LSV Asset Management increased its position in C&F Financial by 2.3% in the 1st quarter. LSV Asset Management now owns 38,267 shares of the financial services provider valued at $1,918,000 after buying an additional 851 shares in the last quarter. Institutional investors and hedge funds hold 27.58% of the company’s shares.

About C&F Financial (Get a rating)

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.

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