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

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 90,200 shares, a decrease of 24.3% from the June 15th total of 119,200 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,900 shares, the short-interest ratio is presently 3.6 days.

C&F Financial Price Performance

Shares of NASDAQ:CFFI traded up $3.09 during trading hours on Monday, hitting $49.59. 30,831 shares of the company’s stock traded hands, compared to its average volume of 15,211. C&F Financial has a 52 week low of $33.51 and a 52 week high of $72.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 0.88. The company’s fifty day simple moving average is $45.04 and its two-hundred day simple moving average is $49.18. The company has a market cap of $166.62 million, a price-to-earnings ratio of 8.18 and a beta of 0.39.

C&F Financial (NASDAQ:CFFI) last posted 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 company had revenue of $30.65 million during the quarter.

C&F Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a dividend of $0.44 per share. The ex-dividend date was Friday, June 14th. This represents a $1.76 annualized dividend and a dividend yield of 3.55%. C&F Financial’s dividend payout ratio (DPR) is 29.04%.

Insider Activity at C&F Financial

In related news, Director Paul C. Robinson bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $39.11 per share, for a total transaction of $39,110.00. Following the transaction, the director now directly owns 18,367 shares of the company’s stock, valued at approximately $718,333.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 2,500 shares of company stock worth $97,815 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

Several large investors have recently made changes to their positions in CFFI. Huber Capital Management LLC lifted its stake in C&F Financial by 3.6% during the first quarter. Huber Capital Management LLC now owns 44,061 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 1,516 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $8,063,000 after buying an additional 945 shares in the last quarter. Clearstead Trust LLC purchased a new stake in C&F Financial during the first quarter valued at about $47,000. Empowered Funds LLC lifted its stake in C&F Financial by 7.9% during the first quarter. Empowered Funds LLC now owns 11,962 shares of the financial services provider’s stock valued at $586,000 after buying an additional 875 shares in the last quarter. Finally, John G Ullman & Associates Inc. lifted its stake in C&F Financial by 5.4% during the first quarter. John G Ullman & Associates Inc. now owns 17,560 shares of the financial services provider’s stock valued at $860,000 after buying an additional 900 shares in the last quarter. Institutional investors own 37.23% of the company’s stock.

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.