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

C&F Financial Co. (NASDAQ:CFFI) CFO Jason E. Long sold 600 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $78.71, for a total transaction of $47,226.00. Following the transaction, the chief financial officer now directly owns 9,600 shares of the company’s stock, valued at approximately $755,616. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

C&F Financial Stock Performance

Shares of NASDAQ CFFI opened at $73.00 on Thursday. C&F Financial Co. has a 12-month low of $33.51 and a 12-month high of $79.09. 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 company has a market cap of $235.79 million, a PE ratio of 12.90 and a beta of 0.36. The stock has a 50 day simple moving average of $64.09 and a 200-day simple moving average of $55.18.

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

C&F Financial Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of C&F Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of C&F Financial in the second quarter valued at approximately $31,000. Cubist Systematic Strategies LLC bought a new position in C&F Financial during the 2nd quarter valued at $201,000. Point72 Asia Singapore Pte. Ltd. bought a new position in C&F Financial during the 2nd quarter valued at $206,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of C&F Financial during the 3rd quarter valued at $272,000. Finally, Squarepoint Ops LLC bought a new stake in shares of C&F Financial in the 2nd quarter worth $374,000. 37.23% of the stock is currently owned by institutional investors.

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.