Thomas F. Cherry Sells 731 Shares of C&F Financial Co. (NASDAQ:CFFI) Stock

C&F Financial Co. (NASDAQ:CFFI) CEO Thomas F. Cherry sold 731 shares of C&F Financial stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $78.00, for a total value of $57,018.00. Following the completion of the sale, the chief executive officer now owns 38,328 shares of the company’s stock, valued at $2,989,584. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C&F Financial Stock Up 0.5 %

CFFI opened at $79.62 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. The stock has a market capitalization of $256.77 million, a price-to-earnings ratio of 14.03 and a beta of 0.38. The business has a 50-day moving average of $67.57 and a two-hundred day moving average of $57.46. C&F Financial Co. has a 12 month low of $33.51 and a 12 month high of $80.87.

C&F Financial (NASDAQ:CFFI) last issued its earnings results 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 business had revenue of $33.46 million during the quarter.

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s payout ratio is currently 31.10%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of C&F Financial

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of C&F Financial during the 2nd quarter worth about $31,000. Cubist Systematic Strategies LLC purchased a new stake in shares of C&F Financial during the 2nd quarter worth about $201,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial during the 2nd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in C&F Financial during the 3rd quarter worth approximately $272,000. Finally, Squarepoint Ops LLC acquired a new position in C&F Financial during the 2nd quarter worth approximately $374,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

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.