C&F Financial Co. (NASDAQ:CFFI) CEO Sells $101,794.00 in Stock

C&F Financial Co. (NASDAQ:CFFI) CEO S Dustin Crone sold 1,400 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $72.71, for a total transaction of $101,794.00. Following the sale, the chief executive officer now directly owns 8,437 shares of the company’s stock, valued at $613,454.27. This represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

C&F Financial Stock Performance

NASDAQ CFFI opened at $71.97 on Friday. The business’s 50-day simple moving average is $64.59 and its 200-day simple moving average is $55.51. The firm has a market capitalization of $232.10 million, a P/E ratio of 12.72 and a beta of 0.36. C&F Financial Co. has a 1-year low of $33.51 and a 1-year high of $79.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88.

C&F Financial (NASDAQ:CFFI) last announced 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 net margin of 11.39% and a return on equity of 8.58%. The firm had revenue of $33.46 million for 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 issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.45%. C&F Financial’s dividend payout ratio is currently 31.10%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CFFI. Huber Capital Management LLC grew its stake in shares of C&F Financial by 42.7% in the second quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock valued at $3,030,000 after buying an additional 18,804 shares in the last quarter. Vanguard Group Inc. lifted its position in C&F Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after acquiring an additional 945 shares in the last quarter. GSA Capital Partners LLP purchased a new position in C&F Financial in the 3rd quarter worth approximately $476,000. Allspring Global Investments Holdings LLC acquired a new stake in C&F Financial in the second quarter valued at approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial during the second quarter valued at approximately $206,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut 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 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.