C&F Financial Co. (NASDAQ:CFFI) Short Interest Down 15.4% in November

C&F Financial Co. (NASDAQ:CFFI) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 19,200 shares, a decrease of 15.4% from the November 15th total of 22,700 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 2.3 days. Currently, 0.6% of the company’s shares are sold short.

C&F Financial Stock Up 0.2 %

C&F Financial stock traded up $0.16 during midday trading on Monday, reaching $78.36. The stock had a trading volume of 9,268 shares, compared to its average volume of 12,618. The stock has a market capitalization of $252.71 million, a P/E ratio of 13.83 and a beta of 0.38. C&F Financial has a 1-year low of $33.51 and a 1-year high of $80.87. The firm’s fifty day simple moving average is $68.38 and its 200-day simple moving average is $58.04. 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 released its earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 8.58% and a net margin of 11.39%. The business had revenue of $33.46 million for the quarter.

C&F Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a $0.44 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.25%. C&F Financial’s payout ratio is 31.10%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at C&F Financial

In related news, CFO Jason E. Long sold 600 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $78.71, for a total value of $47,226.00. Following the completion of the sale, the chief financial officer now owns 9,600 shares in the company, valued at approximately $755,616. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas F. Cherry sold 731 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $78.00, for a total value of $57,018.00. Following the transaction, the chief executive officer now owns 38,328 shares in the company, valued at approximately $2,989,584. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,493 shares of company stock worth $627,075. Company insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

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

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.