Rhino Investment Partners Inc purchased a new stake in shares of C&F Financial Co. (NASDAQ:CFFI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,344 shares of the financial services provider's stock, valued at approximately $2,020,000. Rhino Investment Partners Inc owned approximately 0.88% of C&F Financial at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Truffle Hound Capital LLC acquired a new stake in shares of C&F Financial in the fourth quarter worth approximately $5,344,000. Susquehanna International Group LLP boosted its position in shares of C&F Financial by 412.7% during the 4th quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after purchasing an additional 31,482 shares during the period. Raymond James Financial Inc. purchased a new position in shares of C&F Financial in the fourth quarter valued at approximately $1,598,000. Jane Street Group LLC grew its stake in C&F Financial by 150.1% during the 4th quarter. Jane Street Group LLC now owns 22,301 shares of the financial services provider's stock worth $1,589,000 after purchasing an additional 13,385 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in C&F Financial in the fourth quarter valued at approximately $345,000. 37.23% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com cut C&F Financial from a "buy" rating to a "hold" rating in a research report on Monday, April 28th.
Read Our Latest Research Report on C&F Financial
Insider Buying and Selling at C&F Financial
In related news, CEO Mark A. Fox sold 1,032 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the completion of the sale, the chief executive officer now directly owns 11,005 shares in the company, valued at approximately $891,405. This trade represents a 8.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by company insiders.
C&F Financial Price Performance
C&F Financial stock traded down $1.17 during midday trading on Tuesday, reaching $65.03. 1,277 shares of the company were exchanged, compared to its average volume of 13,361. C&F Financial Co. has a 1 year low of $40.99 and a 1 year high of $89.90. The company has a market capitalization of $210.70 million, a price-to-earnings ratio of 10.78 and a beta of 0.47. The firm's 50-day simple moving average is $66.64 and its 200-day simple moving average is $71.11. 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 - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%. The company had revenue of $32.58 million during the quarter.
C&F Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.46 dividend. This is an increase from C&F Financial's previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, March 14th. C&F Financial's dividend payout ratio (DPR) is presently 27.54%.
C&F Financial Profile
(
Free Report)
C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.
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