NasdaqGS:CFFI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


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

Stable Share Price: CFFI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.2%

CFFI

3.8%

US Banks

3.9%

US Market


1 Year Return

-42.4%

CFFI

-26.4%

US Banks

18.5%

US Market

Return vs Industry: CFFI underperformed the US Banks industry which returned -28.2% over the past year.

Return vs Market: CFFI underperformed the US Market which returned 17.2% over the past year.


Shareholder returns

CFFIIndustryMarket
7 Day2.2%3.8%3.9%
30 Day-7.1%-5.8%-4.3%
90 Day-13.5%-0.8%8.1%
1 Year-40.0%-42.4%-23.9%-26.4%21.2%18.5%
3 Year-42.6%-47.8%-21.1%-27.5%38.2%29.0%
5 Year-4.0%-17.6%14.7%0.6%84.3%63.4%

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?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CFFI ($29.7) is trading below our estimate of fair value ($52.26)

Significantly Below Fair Value: CFFI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CFFI is good value based on its PE Ratio (6.3x) compared to the US Banks industry average (9.4x).

PE vs Market: CFFI is good value based on its PE Ratio (6.3x) compared to the US market (17.9x).


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 (0.6x) compared to the US Banks industry average (0.8x).


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?

26.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as C&F Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

9.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFFI has a high level of non-cash earnings.

Growing Profit Margin: CFFI's current net profit margins (15.6%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: CFFI's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: CFFI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CFFI had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: CFFI's Return on Equity (9.1%) is considered low.


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


Financial Institutions Analysis

Asset Level: CFFI's Assets to Equity ratio (10.8x) is moderate.

Allowance for Bad Loans: CFFI has a sufficient allowance for bad loans (1691%).

Low Risk Liabilities: 91% of CFFI's liabilities are made up of primarily low risk sources of funding.

Loan Level: CFFI has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: CFFI's Loans to Deposits ratio (79%) is appropriate.

Level of Bad Loans: CFFI has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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

5.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CFFI's dividend (5.12%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: CFFI's dividend (5.12%) is in the top 25% of dividend payers in the US market (4.89%)


Stability and Growth of Payments

Stable Dividend: CFFI's dividends per share have been stable 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 (32.2%), 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

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Tom Cherry (51 yo)

1.67yrs

Tenure

US$939,650

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's total compensation ($USD939.65K) is above average for companies of similar size in the US market ($USD598.77K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Larry Dillon
Executive Chairman23.17yrsUS$682.42k1.2%
$ 1.3m
Thomas Cherry
President1.67yrsUS$939.65k1.03%
$ 1.1m
Jason Long
Secretary4.5yrsUS$400.13k0.16%
$ 168.5k
Bryan McKernon
President and CEO of C&F Mortgage Corporation25.67yrsUS$1.12m0.41%
$ 440.0k
S. Crone
President and CEO of C&F Finance Companyno dataUS$491.21k0.31%
$ 335.8k
Rodney Overby
Executive VP & Chief Information Officer4.33yrsno datano data
Mary-Jo Rawson
Senior VP & Controllerno datano datano data
John Seaman
Executive VP & Chief Credit Officer of C&F Bank8.92yrsUS$321.34k0.17%
$ 188.7k

4.4yrs

Average Tenure

62yo

Average Age

Experienced Management: CFFI's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Larry Dillon
Executive Chairman23.17yrsUS$682.42k1.2%
$ 1.3m
Thomas Cherry
President1.67yrsUS$939.65k1.03%
$ 1.1m
John Causey
Independent Director26.67yrsUS$62.61k0.75%
$ 818.0k
D. Peay
Independent Director0.83yrUS$5.49k0.020%
$ 21.5k
James Napier
Independent Director4.5yrsUS$52.35k0.096%
$ 104.1k
Paul Robinson
Independent Director20.67yrsUS$49.46k0.38%
$ 414.2k
James Hudson
Independent Director23.67yrsUS$51.96k0.36%
$ 391.6k
Audrey Holmes
Independent Director13.42yrsUS$48.93k0.40%
$ 433.8k
C. Olsson
Lead Independent Director0.50yrUS$53.43k0.34%
$ 363.9k
George Sisson
Independent Director0.50yrno data0.069%
$ 74.4k
Julie Agnew
Independent Director3.42yrsUS$53.26k0.056%
$ 60.7k
Elizabeth Rilee-Kelley
Independent Director3.42yrsUS$51.34k0.056%
$ 60.7k

5.0yrs

Average Tenure

62yo

Average Age

Experienced Board: CFFI's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


Top Shareholders

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$108.363m
  • Shares outstanding: 3.65m
  • 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 the bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company’s Retail Banking segment offers variou ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 23:45
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.