C&F Financial Co. (NASDAQ:CFFI) CEO Mark A. Fox Sells 1,032 Shares

C&F Financial Co. (NASDAQ:CFFI) CEO Mark A. Fox sold 1,032 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the completion of the sale, the chief executive officer now owns 11,005 shares in the company, valued at approximately $891,405. This trade represents a 8.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

C&F Financial Trading Down 2.3 %

CFFI stock traded down $1.73 during midday trading on Wednesday, hitting $73.37. The stock had a trading volume of 3,244 shares, compared to its average volume of 13,162. 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 firm has a market cap of $237.28 million, a P/E ratio of 12.20 and a beta of 0.38. The business has a fifty day moving average price of $76.20 and a two-hundred day moving average price of $68.74. C&F Financial Co. has a 1-year low of $33.51 and a 1-year high of $89.90.

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

C&F Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.84 annualized dividend and a dividend yield of 2.51%. This is a boost from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s dividend payout ratio (DPR) is presently 30.51%.

Hedge Funds Weigh In On C&F Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CFFI. Cubist Systematic Strategies LLC lifted its stake in 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 last quarter. Ritholtz Wealth Management purchased a new position in shares of C&F Financial in the fourth quarter worth $218,000. Mercer Global Advisors Inc. ADV bought a new position in shares of C&F Financial during the 4th quarter valued at $230,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in C&F Financial in the third quarter worth approximately $272,000. Finally, 683 Capital Management LLC bought a new position in shares of C&F Financial in the fourth quarter worth approximately $338,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.