C&F Financial Co. (NASDAQ:CFFI) Sees Significant Increase in Short Interest

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 119,200 shares, an increase of 6.0% from the May 31st total of 112,500 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 7.4 days.

C&F Financial Stock Down 1.3 %

Shares of CFFI traded down $0.59 during midday trading on Wednesday, hitting $43.81. The stock had a trading volume of 13,674 shares, compared to its average volume of 14,792. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.87. The company has a 50 day simple moving average of $44.18 and a two-hundred day simple moving average of $50.70. C&F Financial has a twelve month low of $33.51 and a twelve month high of $72.00. The firm has a market cap of $147.20 million, a price-to-earnings ratio of 7.33 and a beta of 0.39.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $1.01 earnings per share for the quarter. C&F Financial had a net margin of 13.29% and a return on equity of 9.89%. The business had revenue of $30.65 million during the quarter.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.44 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.76 annualized dividend and a yield of 4.02%. C&F Financial’s dividend payout ratio is presently 29.04%.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, Director George R. Sisson III acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $39.47 per share, for a total transaction of $39,470.00. Following the acquisition, the director now directly owns 5,635 shares of the company’s stock, valued at approximately $222,413.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders acquired 2,500 shares of company stock valued at $97,815. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

Several hedge funds and other institutional investors have recently made changes to their positions in CFFI. SG Americas Securities LLC bought a new position in C&F Financial in the fourth quarter valued at about $119,000. BNP Paribas Financial Markets increased its holdings in shares of C&F Financial by 42.7% during the fourth quarter. BNP Paribas Financial Markets now owns 4,732 shares of the financial services provider’s stock worth $323,000 after buying an additional 1,415 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of C&F Financial by 27.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 10,023 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 2,169 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of C&F Financial during the 4th quarter valued at $48,000. Finally, 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. 37.23% of the stock is currently owned by institutional investors and hedge funds.

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.