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

by · The Markets Daily

C&F Financial Co. (NASDAQ:CFFI – Get Free Report) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 26,200 shares, an increase of 36.5% from the November 30th total of 19,200 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.9% of the shares of the stock are sold short.

C&F Financial Trading Down 1.1 %

CFFI traded down $0.80 during midday trading on Monday, hitting $71.38. The company’s stock had a trading volume of 13,996 shares, compared to its average volume of 12,436. C&F Financial has a 52-week low of $33.51 and a 52-week high of $80.87. The firm has a 50-day moving average price of $71.39 and a two-hundred day moving average price of $60.23. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The firm has a market cap of $230.84 million, a P/E ratio of 12.61 and a beta of 0.38.

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

C&F Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s dividend payout ratio (DPR) is presently 31.10%.

Analyst Ratings Changes

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

Read Our Latest Research Report on C&F Financial

Insider Transactions at C&F Financial

In related news, EVP John A. Seaman III sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $74.05, for a total transaction of $185,125.00. Following the transaction, the executive vice president now owns 4,494 shares of the company’s stock, valued at approximately $332,780.70. This represents a 35.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas F. Cherry sold 731 shares of C&F Financial stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $78.00, for a total transaction of $57,018.00. Following the completion of the sale, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at $2,989,584. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,493 shares of company stock valued at $627,075 over the last three months. 6.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On C&F Financial

A number of large investors have recently modified their holdings of CFFI. 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 C&F Financial during the second quarter worth approximately $201,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of C&F Financial in the second quarter worth $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of C&F Financial in the 3rd quarter valued at $272,000. Finally, Squarepoint Ops LLC acquired a new position in shares of C&F Financial during the 2nd quarter valued at $374,000. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

About C&F Financial

(Get Free Report)

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.

Featured Stories