C&F Financial (NASDAQ:CFFI) Stock Price Passes Above Two Hundred Day Moving Average of $48.22

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 $48.22 and traded as high as $55.29. C&F Financial shares last traded at $54.38, with a volume of 10,924 shares trading hands.

C&F Financial Stock Performance

The company has a market capitalization of $184.93 million, a PE ratio of 9.09 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 0.88. The stock’s fifty day simple moving average is $49.12 and its 200-day simple moving average is $48.25.

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.76 dividend on an annualized basis and a yield of 3.20%. C&F Financial’s dividend payout ratio (DPR) is 29.04%.

Insider Buying and Selling at C&F Financial

In other news, Director Charles Elis Olsson sold 500 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $57.01, for a total transaction of $28,505.00. Following the completion of the transaction, the director now owns 9,375 shares of the company’s stock, valued at approximately $534,468.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of C&F Financial by 9.1% during the 2nd quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock valued at $4,336,000 after acquiring an additional 7,500 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of C&F Financial during the 2nd quarter valued at about $31,000. Huber Capital Management LLC increased its position in C&F Financial by 3.6% during the 1st quarter. Huber Capital Management LLC now owns 44,061 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 1,516 shares in the last quarter. Vanguard Group Inc. increased its position in C&F Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after purchasing an additional 945 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new stake in C&F Financial during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.