Insider Selling: C&F Financial (NASDAQ:CFFI) Chairman Sells 1,000 Shares

C&F Financial Corporation (NASDAQ:CFFI) Chairman Larry Dillon sold 1,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00. Following the sale, the chairman directly owned 33,058 shares of the company’s stock, valued at $3,142,824.06. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

C&F Financial Trading Up 0.6%

Shares of CFFI traded up $0.53 during midday trading on Tuesday, hitting $95.42. The stock had a trading volume of 40,710 shares, compared to its average volume of 13,030. The business has a 50-day simple moving average of $84.69 and a two-hundred day simple moving average of $78.28. The firm has a market cap of $310.10 million, a P/E ratio of 10.65 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. C&F Financial Corporation has a fifty-two week low of $64.71 and a fifty-two week high of $96.00.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter. The business had revenue of $39.37 million for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.72%.

C&F Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 15th. C&F Financial’s payout ratio is presently 21.43%.

Hedge Funds Weigh In On C&F Financial

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of C&F Financial by 370.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock worth $26,000 after buying an additional 333 shares during the period. New York State Common Retirement Fund acquired a new position in shares of C&F Financial during the 2nd quarter worth about $105,000. Rhumbline Advisers boosted its stake in C&F Financial by 2,137.3% during the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 3,035 shares during the period. California State Teachers Retirement System increased its position in C&F Financial by 1,887.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,280 shares of the financial services provider’s stock worth $262,000 after buying an additional 3,115 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of C&F Financial by 40.7% during the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after buying an additional 1,550 shares during the last quarter. Institutional investors own 37.23% of the company’s stock.

Analysts Set New Price Targets

CFFI has been the subject of a number of research analyst reports. Weiss Ratings upgraded C&F Financial from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Wall Street Zen lowered C&F Financial from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, C&F Financial currently has a consensus rating of “Buy”.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.