C&F Financial Co. (NASDAQ:CFFI) Short Interest Up 15.8% in November

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 22,700 shares, a growth of 15.8% from the October 31st total of 19,600 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 2.9 days.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, CEO S Dustin Crone sold 1,400 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $72.71, for a total transaction of $101,794.00. Following the completion of the sale, the chief executive officer now directly owns 8,437 shares of the company’s stock, valued at approximately $613,454.27. This represents a 14.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas F. Cherry sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief executive officer now owns 39,059 shares of the company’s stock, valued at approximately $2,734,130. This trade represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock valued at $474,145 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial in the 2nd quarter valued at $31,000. Cubist Systematic Strategies LLC bought a new stake in shares of C&F Financial during the second quarter worth $201,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of C&F Financial in the second quarter valued at $206,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of C&F Financial in the third quarter valued at about $272,000. Finally, Squarepoint Ops LLC acquired a new position in shares of C&F Financial during the second quarter worth approximately $374,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Stock Down 1.4 %

C&F Financial stock traded down $1.03 during mid-day trading on Friday, hitting $71.97. 4,133 shares of the company’s stock were exchanged, compared to its average volume of 10,941. C&F Financial has a 1-year low of $33.51 and a 1-year high of $79.09. The stock has a 50 day moving average of $64.59 and a two-hundred day moving average of $55.68. 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 stock has a market cap of $232.46 million, a P/E ratio of 12.72 and a beta of 0.36.

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

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s payout ratio is presently 31.10%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of C&F Financial from a “buy” rating to a “hold” rating in a 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.