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

C&F Financial Co. (NASDAQ:CFFI) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 19,600 shares, a decrease of 9.7% from the October 15th total of 21,700 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded C&F Financial from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

Insider Activity

In other news, CEO Thomas F. Cherry sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,734,130. This represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of C&F Financial in the 2nd quarter valued at about $31,000. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial during the 2nd quarter valued at approximately $201,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of C&F Financial during the 2nd quarter valued at approximately $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of C&F Financial during the 3rd quarter worth approximately $272,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of C&F Financial in the 2nd quarter worth approximately $374,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

C&F Financial Price Performance

Shares of NASDAQ CFFI opened at $72.08 on Tuesday. The stock has a fifty day moving average price of $61.54 and a 200 day moving average price of $53.65. C&F Financial has a 1-year low of $33.51 and a 1-year high of $75.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The company has a market cap of $232.82 million, a PE ratio of 12.74 and a beta of 0.36.

C&F Financial (NASDAQ:CFFI) last released its earnings results on Tuesday, October 29th. The financial services provider reported $1.65 EPS for the quarter. The company 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 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.