C&F Financial Co. (NASDAQ:CFFI) Short Interest Up 15.8% in November

C&F Financial Co. (NASDAQ:CFFI) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 22,700 shares, an increase of 15.8% from the October 31st total of 19,600 shares. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 2.9 days. Currently, 0.8% of the shares of the stock are sold short.

Insider Transactions at C&F Financial

In other news, CEO S Dustin Crone sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $72.71, for a total value of $101,794.00. Following the transaction, the chief executive officer now directly owns 8,437 shares in the company, valued at approximately $613,454.27. This represents a 14.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason E. Long sold 600 shares of C&F Financial stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $78.71, for a total value of $47,226.00. Following the completion of the transaction, the chief financial officer now directly owns 9,600 shares of the company’s stock, valued at approximately $755,616. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,500 shares of company stock valued at $474,145. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On C&F Financial

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in C&F Financial in the second quarter valued at $31,000. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial in the second quarter valued at about $201,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial during the 2nd quarter valued at about $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of C&F Financial during the third quarter valued at approximately $272,000. Finally, Squarepoint Ops LLC purchased a new position in shares of C&F Financial in the second quarter valued at $374,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

C&F Financial Price Performance

Shares of NASDAQ:CFFI traded down $1.03 during midday trading on Friday, hitting $71.97. 4,133 shares of the stock were exchanged, compared to its average volume of 10,941. C&F Financial has a twelve month low of $33.51 and a twelve 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 50 day moving average price of $64.59 and a 200-day moving average price of $55.68. The stock has a market cap of $232.46 million, a P/E ratio of 12.72 and a beta of 0.36.

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

C&F Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, December 13th. C&F Financial’s dividend payout ratio (DPR) is 31.10%.

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.