C&F Financial Co. (NASDAQ:CFFI) Declares $0.44 Quarterly Dividend

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 paid 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 dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, December 13th.

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

C&F Financial Price Performance

Shares of NASDAQ CFFI opened at $74.19 on Friday. C&F Financial has a fifty-two week low of $33.51 and a fifty-two week high of $76.25. The business has a 50 day moving average price of $62.95 and a two-hundred day moving average price of $54.37. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm has a market cap of $239.63 million, a PE ratio of 13.11 and a beta of 0.36.

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

Insider Buying and Selling at C&F Financial

In other news, CEO Thomas F. Cherry sold 2,000 shares of the company’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 sale, the chief executive officer now owns 39,059 shares in the company, valued at $2,734,130. This represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.