NasdaqGS:CFFI

Stock Analysis Report

Executive Summary

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has C&F Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.02%

CFFI

2.9%

US Banks

0.07%

US Market


1 Year Return

3.0%

CFFI

8.6%

US Banks

8.9%

US Market

Return vs Industry: CFFI underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: CFFI underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

CFFIIndustryMarket
7 Day0.02%2.9%0.07%
30 Day-1.5%3.4%-0.3%
90 Day1.9%2.1%-1.6%
1 Year6.0%3.0%11.8%8.6%11.3%8.9%
3 Year35.2%24.7%54.8%44.1%46.3%36.8%
5 Year75.4%51.7%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is C&F Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is C&F Financial undervalued compared to its fair value and its price relative to the market?

9.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFFI ($52.8) is trading above our estimate of fair value ($34.48)

Significantly Below Fair Value: CFFI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CFFI is good value based on its PE Ratio (9.9x) compared to the Banks industry average (12.6x).

PE vs Market: CFFI is good value based on its PE Ratio (9.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CFFI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CFFI is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is C&F Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFFI's forecast earnings growth (2.3% per year) is below the savings rate (2.7%).

Earnings vs Market: CFFI's earnings (2.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CFFI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CFFI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CFFI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CFFI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has C&F Financial performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CFFI's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: CFFI's earnings growth over the past year (115.5%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: CFFI earnings growth over the past year (115.5%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: CFFI's Return on Equity (11.7%) is considered low.


Return on Assets

ROA vs Industry: CFFI has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CFFI's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is C&F Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CFFI has a low level of unsold assets or inventory.

Debt Coverage by Assets: CFFI's debt is covered by short term assets (assets are 1.194400x debt).


Financial Institutions Analysis

Asset Level: CFFI's level of assets compared to its equity is low.

Allowance for Bad Loans: CFFI has a sufficient allowance for bad loans.

Low Risk Liabilities: CFFI's liabilities are made up of primarily low risk sources of funding.

Loan Level: CFFI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CFFI's loans are broadly funded by customer deposits.

Level of Bad Loans: CFFI has an appropriate level of bad loans (0.12%)


Next Steps

Dividend

What is C&F Financial's current dividend yield, its reliability and sustainability?

2.80%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CFFI's dividend (2.8%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CFFI's dividend (2.8%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: CFFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: CFFI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.5%), CFFI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of C&F Financial's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Tom Cherry (50yo)

0.8yrs

Tenure

US$847,812

Compensation

Mr. Thomas F. Cherry, also known as Tom, has been the President of C&F Financial Corporation and Citizens & Farmers Bank since 2014. He has been Chief Executive Officer at C&F Financial Corporation and Cit ...


CEO Compensation Analysis

Compensation vs. Market: Tom has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.6yrs

Average Tenure

61yo

Average Age

Experienced Management: CFFI's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

15.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: CFFI's board of directors are seasoned and experienced ( 15.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$89,19923 Jan 19
Larry Dillon
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,749
Max PriceUS$51.00
SellUS$90,37223 Jan 19
Thomas Cherry
EntityIndividual
Role
Chief Executive Officer
President
Shares1,772
Max PriceUS$51.00
SellUS$13,00523 Jan 19
Bryan McKernon
EntityIndividual
Role
Unit CEO
President and CEO of C&F Mortgage Corporation
Shares255
Max PriceUS$51.00

Ownership Breakdown


Management Team

  • Mary-Jo Rawson (65yo)

    Senior VP & Controller

    • Tenure: 0yrs
  • Larry Dillon (66yo)

    Executive Chairman

    • Tenure: 22.3yrs
    • Compensation: US$933.51k
  • Tom Cherry (50yo)

    President

    • Tenure: 0.8yrs
    • Compensation: US$847.81k
  • Bryan McKernon (63yo)

    President and CEO of C&F Mortgage Corporation

    • Tenure: 24.8yrs
    • Compensation: US$705.23k
  • Rodney Overby

    Senior VP & Chief Information Officer

    • Tenure: 3.4yrs
  • S. Crone (50yo)

    President of C&F Finance Company

    • Tenure: 9.8yrs
    • Compensation: US$464.83k
  • Tony Seaman (61yo)

    Executive VP & Chief Credit Officer of C&F Bank

    • Tenure: 8yrs
    • Compensation: US$321.34k
  • Jason Long (40yo)

    Secretary

    • Tenure: 3.6yrs
    • Compensation: US$328.34k

Board Members

  • John Causey (75yo)

    Independent Director

    • Tenure: 25.8yrs
    • Compensation: US$60.18k
  • Larry Dillon (66yo)

    Executive Chairman

    • Tenure: 22.3yrs
    • Compensation: US$933.51k
  • Tom Cherry (50yo)

    President

    • Tenure: 0.8yrs
    • Compensation: US$847.81k
  • Jim Napier (66yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$49.43k
  • Paul Robinson (61yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$44.53k
  • Jim Hudson (70yo)

    Independent Director

    • Tenure: 22.8yrs
    • Compensation: US$48.53k
  • Barry Chernack (71yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$61.21k
  • Audrey Holmes (61yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$44.98k
  • C. Olsson (54yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$52.53k
  • Julie Agnew (50yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$50.33k

Company Information

C&F Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: C&F Financial Corporation
  • Ticker: CFFI
  • Exchange: NasdaqGS
  • Founded: 1927
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$180.763m
  • Shares outstanding: 3.42m
  • Website: https://www.cffc.com

Number of Employees


Location

  • C&F Financial Corporation
  • 802 Main Street
  • PO Box 391
  • West Point
  • Virginia
  • 23181
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFFINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1997

Biography

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company’s Retail Banking offers various banking  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:33
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.