C&F Financial (NASDAQ:CFFI) CEO Sells $85,555.00 in Stock

Key Points

• CEO Thomas Cherry of C&F Financial sold 1,205 shares for $85,555, reducing his ownership by 3.04% to a total of 38,402 shares worth approximately $2.73 million.
• The company recently announced a quarterly dividend of $0.46 per share, reflecting a 2.6% yield with a payout ratio of 24.37%.
• C&F Financial's stock has fluctuated between a 12-month low of $53.13 and a high of $89.90, currently trading at around $70.39.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) CEO Thomas Cherry sold 1,205 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total value of $85,555.00. Following the sale, the chief executive officer owned 38,402 shares of the company's stock, valued at $2,726,542. The trade was a 3.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

C&F Financial Price Performance

Shares of CFFI traded down $1.0150 during trading hours on Monday, hitting $70.3850. 6,642 shares of the stock were exchanged, compared to its average volume of 14,669. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.91. C&F Financial Corporation has a 12-month low of $53.13 and a 12-month high of $89.90. The company has a market cap of $228.05 million, a price-to-earnings ratio of 9.32 and a beta of 0.49. The stock's 50-day moving average price is $65.07 and its two-hundred day moving average price is $67.53.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $2.37 EPS for the quarter. The firm had revenue of $36.36 million during the quarter. C&F Financial had a return on equity of 10.52% and a net margin of 13.67%.

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, September 15th. C&F Financial's dividend payout ratio is presently 24.37%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut C&F Financial from a "buy" rating to a "hold" rating in a report on Monday, April 28th.

Hedge Funds Weigh In On C&F Financial

Several hedge funds and other institutional investors have recently made changes to their positions in CFFI. BNP Paribas Financial Markets boosted its stake in shares of C&F Financial by 370.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider's stock valued at $26,000 after buying an additional 333 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in C&F Financial during the 2nd quarter worth about $36,000. New York State Common Retirement Fund purchased a new stake in C&F Financial during the 2nd quarter worth about $105,000. Cubist Systematic Strategies LLC lifted its holdings in C&F Financial by 234.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider's stock worth $130,000 after buying an additional 1,284 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock worth $196,000 after purchasing an additional 3,035 shares during the last quarter. Hedge funds and other institutional investors own 37.23% of the company's stock.

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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