C&F Financial Co. (CFFI) to Issue Quarterly Dividend of $0.44 on January 1st

C&F Financial Co. (NASDAQ:CFFI) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.44 per share by the financial services provider on Wednesday, January 1st. This represents a $1.76 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, December 13th.

C&F Financial has raised its dividend payment by an average of 5.0% annually over the last three years and has increased its dividend every year for the last 12 years.

C&F Financial Trading Down 1.0 %

Shares of CFFI opened at $74.19 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. C&F Financial has a 1 year low of $33.51 and a 1 year high of $76.25. The company has a 50 day simple moving average of $62.95 and a two-hundred day simple moving average of $54.46. The firm has a market cap of $239.63 million, a P/E ratio of 13.11 and a beta of 0.36.

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

Insider Transactions at C&F Financial

In related news, CEO Thomas F. Cherry sold 2,000 shares of C&F Financial stock in a transaction dated 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 sale, the chief executive officer now directly owns 39,059 shares in the company, valued at $2,734,130. The trade was a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

C&F Financial Company Profile

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.