C&F Financial Co. (NASDAQ:CFFI) Short Interest Update

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 19,200 shares, a decline of 15.4% from the November 15th total of 22,700 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 2.3 days.

Insider Buying and Selling

In other news, CEO S Dustin Crone sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $72.71, for a total value of $101,794.00. Following the completion of the transaction, the chief executive officer now directly owns 8,437 shares in the company, valued at $613,454.27. This trade represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the chief executive officer now owns 39,059 shares in the company, valued at approximately $2,734,130. This represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,493 shares of company stock worth $627,075 in the last ninety days. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On C&F Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 945 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in C&F Financial during the second quarter worth about $31,000. Renaissance Technologies LLC boosted its holdings in C&F Financial by 9.1% in the 2nd quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock valued at $4,336,000 after purchasing an additional 7,500 shares during the last quarter. Huber Capital Management LLC grew its stake in shares of C&F Financial by 42.7% in the 2nd quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock valued at $3,030,000 after buying an additional 18,804 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Stock Performance

C&F Financial stock traded up $0.05 during midday trading on Monday, hitting $78.25. 7,994 shares of the company were exchanged, compared to its average volume of 12,612. C&F Financial has a fifty-two week low of $33.51 and a fifty-two week high of $80.87. The firm has a market capitalization of $252.36 million, a PE ratio of 13.82 and a beta of 0.38. The business has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $58.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 EPS for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%. The company had revenue of $33.46 million for the quarter.

C&F Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, December 13th. C&F Financial’s dividend payout ratio is currently 31.10%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

About C&F Financial

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.