Jason E. Long Sells 600 Shares of C&F Financial Co. (NASDAQ:CFFI) Stock

C&F Financial Co. (NASDAQ:CFFI) CFO Jason E. Long sold 600 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $78.71, for a total value of $47,226.00. Following the transaction, the chief financial officer now owns 9,600 shares of the company’s stock, valued at $755,616. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

C&F Financial Stock Down 7.5 %

Shares of NASDAQ CFFI opened at $73.00 on Friday. C&F Financial Co. has a 52 week low of $33.51 and a 52 week high of $79.09. The business has a 50-day simple moving average of $64.36 and a two-hundred day simple moving average of $55.30. 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 $235.79 million, a P/E ratio of 12.90 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. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.41%. C&F Financial’s dividend payout ratio is 31.10%.

Hedge Funds Weigh In On C&F Financial

A number of large investors have recently modified their holdings of CFFI. Vanguard Group Inc. grew its position in C&F Financial by 0.6% during the 1st 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 during the last quarter. Allspring Global Investments Holdings LLC bought a new position in C&F Financial during the 2nd quarter worth approximately $31,000. Renaissance Technologies LLC grew its position in C&F Financial by 9.1% during the 2nd quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock worth $4,336,000 after acquiring an additional 7,500 shares during the last quarter. Huber Capital Management LLC grew its position in C&F Financial by 42.7% during the 2nd quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock worth $3,030,000 after acquiring an additional 18,804 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in C&F Financial during the 2nd quarter worth approximately $201,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.