Insider Selling: C&F Financial Co. (NASDAQ:CFFI) CFO Sells 600 Shares of Stock

C&F Financial Co. (NASDAQ:CFFI) CFO Jason E. Long sold 600 shares of C&F Financial stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $78.71, for a total transaction of $47,226.00. Following the completion of the transaction, the chief financial officer now directly owns 9,600 shares in the company, valued at approximately $755,616. The trade was a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

C&F Financial Stock Down 8.3 %

Shares of CFFI stock traded down $6.55 during trading on Wednesday, reaching $72.38. The company’s stock had a trading volume of 10,090 shares, compared to its average volume of 12,630. The business has a fifty day moving average price of $63.78 and a 200-day moving average price of $55.05. 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 company has a market cap of $233.79 million, a price-to-earnings ratio of 13.95 and a beta of 0.36. C&F Financial Co. has a one year low of $33.51 and a one year high of $79.09.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.65 EPS for the quarter. The business 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 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s dividend payout ratio (DPR) is currently 31.10%.

Institutional Trading of C&F Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. raised its position in C&F Financial by 2.0% during the third quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 200 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in C&F Financial during the second quarter worth $31,000. Empowered Funds LLC raised its position in C&F Financial by 5.2% during the third quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 670 shares in the last quarter. Vanguard Group Inc. raised its position in C&F Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after acquiring an additional 945 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in C&F Financial during the second quarter worth $201,000. 37.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of 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.