C&F Financial Co. (NASDAQ:CFFI) Sees Large Growth in Short Interest

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 32,800 shares, a growth of 20.1% from the February 28th total of 27,300 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is presently 3.2 days.

C&F Financial Price Performance

NASDAQ:CFFI opened at $60.10 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $75.49 and a 200 day simple moving average of $70.57. C&F Financial has a 1-year low of $33.51 and a 1-year high of $89.90. The stock has a market capitalization of $194.72 million, a PE ratio of 9.97 and a beta of 0.33.

C&F Financial (NASDAQ:CFFI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

C&F Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, March 14th. This is a positive change from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio is presently 30.51%.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, CEO Mark A. Fox sold 1,032 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the transaction, the chief executive officer now owns 11,005 shares of the company’s stock, valued at $891,405. The trade was a 8.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On C&F Financial

A number of large investors have recently added to or reduced their stakes in CFFI. Cubist Systematic Strategies LLC lifted its position in shares of C&F Financial by 234.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,284 shares during the period. Ritholtz Wealth Management acquired a new position in C&F Financial in the fourth quarter valued at about $218,000. Mercer Global Advisors Inc. ADV bought a new stake in C&F Financial during the fourth quarter worth about $230,000. 683 Capital Management LLC acquired a new stake in C&F Financial during the fourth quarter worth about $338,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of C&F Financial in the 4th quarter valued at approximately $345,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.