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

C&F Financial Co. (NASDAQ:CFFI) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 59,800 shares, a growth of 31.7% from the March 31st total of 45,400 shares. Based on an average daily volume of 11,500 shares, the short-interest ratio is presently 5.2 days. Approximately 1.7% of the shares of the company are sold short.

Several institutional investors and hedge funds have recently modified their holdings of CFFI. Citigroup Inc. grew its holdings in C&F Financial by 298.8% during the fourth quarter. Citigroup Inc. now owns 666 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 499 shares during the period. JPMorgan Chase & Co. grew its holdings in C&F Financial by 13.3% during the third quarter. JPMorgan Chase & Co. now owns 3,618 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 425 shares during the period. Rhumbline Advisers acquired a new position in C&F Financial during the fourth quarter worth about $217,000. HighTower Advisors LLC acquired a new position in C&F Financial during the fourth quarter worth about $243,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in C&F Financial during the fourth quarter worth about $256,000. 32.12% of the stock is currently owned by institutional investors.

Shares of CFFI traded down $0.53 during trading hours on Tuesday, reaching $42.41. 8 shares of the company’s stock traded hands, compared to its average volume of 11,315. The firm has a market capitalization of $156.24 million, a price-to-earnings ratio of 8.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.94 and a quick ratio of 0.78. C&F Financial has a twelve month low of $28.75 and a twelve month high of $53.04. The business’s fifty day simple moving average is $43.61 and its two-hundred day simple moving average is $39.84.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Friday, March 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, March 11th.

C&F Financial Company Profile

C&F Financial Corporation operates as the 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 company's 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.

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