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


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C&F Financial Co. (NASDAQ:CFFI) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 59,800 shares, an increase of 31.7% from the March 31st total of 45,400 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is currently 5.2 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in C&F Financial by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 3,618 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 425 shares during the last quarter. WBI Investments bought a new stake in C&F Financial in the fourth quarter valued at about $299,000. BlackRock Inc. increased its holdings in shares of C&F Financial by 7.9% in the fourth quarter. BlackRock Inc. now owns 178,718 shares of the financial services provider’s stock worth $6,633,000 after acquiring an additional 13,161 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of C&F Financial in the fourth quarter worth about $243,000. Finally, Renaissance Technologies LLC increased its holdings in shares of C&F Financial by 0.9% in the fourth quarter. Renaissance Technologies LLC now owns 132,819 shares of the financial services provider’s stock worth $4,929,000 after acquiring an additional 1,219 shares in the last quarter. Institutional investors own 32.12% of the company’s stock.

CFFI stock traded down $0.53 during trading on Tuesday, hitting $42.41. The company had a trading volume of 8 shares, compared to its average volume of 11,315. The company has a fifty day moving average price of $43.61 and a two-hundred day moving average price of $39.84. The company has a current ratio of 0.94, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market cap of $156.24 million, a P/E ratio of 8.35 and a beta of 0.57. C&F Financial has a fifty-two week low of $28.75 and a fifty-two week high of $53.04.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Thursday, March 11th.

About C&F Financial

C&F Financial Corporation operates as the 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 company's 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.

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