C&F Financial (NASDAQ:CFFI) now covered by StockNews.com
StockNews.com presumed hedging on the shares of C&F Financial (NASDAQ:CFFI) in a research note released Tuesday to investors. The company has set a “buy” rating on the shares of the financial services provider.
C&F Financial stock opened at $50.83 on Tuesday. The company has a debt ratio of 0.27, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market capitalization of $179.89 million, a P/E ratio of 6.40 and a beta of 0.50. C&F Financial has a one-year low of $39.43 and a one-year high of $55.00. The stock’s fifty-day simple moving average is $51.73.
A number of hedge funds and other institutional investors have recently bought and sold shares of CFFI. FMR LLC acquired a new stake in C&F Financial in Q2 worth $1,887,000. Vanguard Group Inc. increased its position in C&F Financial by 3.0% in the second quarter. Vanguard Group Inc. now owns 142,268 shares of the financial services provider worth $7,256,000 after purchasing an additional 4,114 shares in the last quarter. Royal Bank of Canada increased its position in C&F Financial by 1,636.4% in the second quarter. Royal Bank of Canada now owns 3,004 shares of the financial services provider worth $153,000 after buying 2,831 more shares in the last quarter. Millennium Management LLC purchased a new stake in shares of C&F Financial in Q2 for a value of approximately $3,024,000. Finally, Morgan Stanley increased its position in C&F Financial shares by 304.0% in the 2nd quarter. Morgan Stanley now owns 3,907 shares of the financial services provider worth $200,000 after acquiring 2,940 additional shares during the period. Institutional investors hold 28.04% of the company’s shares.
C&F Financial Company Profile
C&F Financial Corp. is a bank holding company that provides personal and corporate banking services. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, commercial, real estate, development, mortgage, home equity and installment loans.
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