683 Capital Management LLC Takes Position in C&F Financial Co. (NASDAQ:CFFI)

683 Capital Management LLC acquired a new position in shares of C&F Financial Co. (NASDAQ:CFFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,749 shares of the financial services provider's stock, valued at approximately $338,000. 683 Capital Management LLC owned 0.15% of C&F Financial as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Ritholtz Wealth Management bought a new stake in shares of C&F Financial during the fourth quarter valued at approximately $218,000. Mercer Global Advisors Inc. ADV bought a new stake in C&F Financial during the 4th quarter valued at $230,000. Schonfeld Strategic Advisors LLC acquired a new position in C&F Financial during the 4th quarter worth $345,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of C&F Financial by 10.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,143 shares of the financial services provider's stock worth $366,000 after purchasing an additional 473 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of C&F Financial by 41.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,976 shares of the financial services provider's stock valued at $711,000 after purchasing an additional 2,933 shares during the period. Institutional investors own 37.23% of the company's stock.

C&F Financial Stock Down 1.1 %

Shares of C&F Financial stock opened at $66.54 on Friday. 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 cap of $215.59 million, a P/E ratio of 11.03 and a beta of 0.32. 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 stock has a 50-day moving average price of $66.88 and a 200 day moving average price of $70.94.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $1.66 earnings per share (EPS) for the quarter. The firm had revenue of $32.58 million during the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

C&F Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 14th. 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 yield of 2.77%. C&F Financial's dividend payout ratio (DPR) is 27.54%.

Insider Activity at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of the firm's 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 of the company's stock, valued at $891,405. This trade represents a 8.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% 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 Monday, April 28th.

About C&F Financial

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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