C&F Financial Co. (NASDAQ:CFFI – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 3,700 shares, a growth of 42.3% from the April 30th total of 2,600 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the company’s shares are sold short.
In other C&F Financial news, Director James H. Hudson III sold 2,200 shares of C&F Financial stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $51.01, for a total transaction of $112,222.00. Following the completion of the sale, the director now owns 11,627 shares of the company’s stock, valued at approximately $593,093.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.40% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. UBS Group AG increased its stake in C&F Financial by 428.2% in the 3rd quarter. UBS Group AG now owns 1,236 shares of the financial services provider’s stock valued at $65,000 after buying an additional 1,002 shares during the last quarter. Royal Bank of Canada increased its stake in C&F Financial by 1,636.4% in the 2nd quarter. Royal Bank of Canada now owns 3,004 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,831 shares during the last quarter. Morgan Stanley increased its stake in C&F Financial by 304.0% in the 2nd quarter. Morgan Stanley now owns 3,907 shares of the financial services provider’s stock valued at $200,000 after buying an additional 2,940 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of C&F Financial during the 3rd quarter worth about $202,000. Finally, Susquehanna International Group LLP increased its stake in shares of C&F Financial by 16.9% during the 4th quarter. Susquehanna International Group LLP now owns 7,388 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.
Separately, StockNews.com started coverage on shares of C&F Financial in a research report on Sunday. They set a “buy” rating on the stock.
CFFI opened at $51.16 on Monday. The stock has a market capitalization of $180.90 million, a P/E ratio of 6.72 and a beta of 0.44. C&F Financial has a 12 month low of $47.58 and a 12 month high of $55.00. The firm’s fifty day simple moving average is $50.88 and its 200 day simple moving average is $51.09. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.28.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.60 annualized dividend and a yield of 3.13%. C&F Financial’s dividend payout ratio is currently 21.02%.
About C&F Financial (Get Rating)
C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company’s Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.
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