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

C&F Financial Co. (NASDAQ:CFFI) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 19,600 shares, a decrease of 9.7% from the October 15th total of 21,700 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is presently 2.7 days. Currently, 0.7% of the shares of the company are sold short.

C&F Financial Price Performance

NASDAQ CFFI traded down $1.76 during trading hours on Friday, reaching $72.50. 5,762 shares of the stock traded hands, compared to its average volume of 7,163. The stock has a 50 day simple moving average of $61.22 and a two-hundred day simple moving average of $53.34. C&F Financial has a 1 year low of $33.51 and a 1 year high of $75.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The company has a market cap of $234.18 million, a price-to-earnings ratio of 12.81 and a beta of 0.36.

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

C&F Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.44 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.76 annualized dividend and a dividend yield of 2.43%. C&F Financial’s payout ratio is presently 31.10%.

Insider Buying and Selling at C&F Financial

In other news, CEO Thomas F. Cherry sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,059 shares of the company’s stock, valued at $2,734,130. This trade represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of C&F Financial

Several large investors have recently modified their holdings of the business. John G Ullman & Associates Inc. grew its stake in shares of C&F Financial by 2.0% in the third quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 200 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of C&F Financial in the second quarter worth about $31,000. Empowered Funds LLC grew its stake in shares of C&F Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 670 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of C&F Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after purchasing an additional 945 shares during the last quarter. Finally, Huber Capital Management LLC grew its stake in shares of C&F Financial by 3.6% in the first quarter. Huber Capital Management LLC now owns 44,061 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 1,516 shares during the last quarter. 37.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded C&F Financial from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

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.