C&F Financial Co. (NASDAQ:CFFI) Short Interest Update

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 32,800 shares, an increase of 20.1% from the February 28th total of 27,300 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is currently 3.2 days.

Insider Buying and Selling at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total transaction of $83,592.00. Following the sale, the chief executive officer now directly owns 11,005 shares in the company, valued at approximately $891,405. This represents a 8.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its holdings in shares of C&F Financial by 234.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,284 shares during the period. Ritholtz Wealth Management bought a new position in C&F Financial in the 4th quarter worth about $218,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of C&F Financial in the 4th quarter valued at about $230,000. 683 Capital Management LLC purchased a new position in shares of C&F Financial during the fourth quarter worth about $338,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of C&F Financial during the fourth quarter worth about $345,000. Institutional investors own 37.23% of the company’s stock.

C&F Financial Stock Performance

CFFI stock traded down $0.75 during midday trading on Wednesday, reaching $65.96. 8,475 shares of the company’s stock traded hands, compared to its average volume of 13,940. The firm has a market capitalization of $213.69 million, a PE ratio of 10.94 and a beta of 0.33. The company has a 50-day moving average price of $75.88 and a two-hundred day moving average price of $70.66. C&F Financial has a 52 week low of $33.51 and a 52 week high of $89.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, March 14th. This represents a $1.84 annualized dividend and a yield of 2.79%. This is a boost from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s payout ratio is currently 30.51%.

About C&F Financial

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.