C&F Financial (NASDAQ:CFFI) Chairman Larry Dillon Sells 1,000 Shares of Stock

Key Points

• Insider sale: Chairman Larry Dillon sold 1,000 C&F Financial shares at an average price of $86, generating $86,000 and reducing his ownership by 2.85% to 34,058 shares.
• Stock and results: Shares fell 2.7% to $84.88, while the company recently reported quarterly EPS of $2.40 on $39.37 million in revenue, with a 14.91% net margin.
• Dividend and outlook: C&F Financial declared a quarterly dividend of $0.48 per share, equivalent to a 2.3% yield. Analyst sentiment remains “Hold” overall, despite one rating upgrade to “Buy.”

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) Chairman Larry Dillon sold 1,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $86.00, for a total transaction of $86,000.00. Following the completion of the transaction, the chairman owned 34,058 shares of the company's stock, valued at $2,928,988. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

C&F Financial Stock Down 2.7%

C&F Financial stock traded down $2.34 on Thursday, hitting $84.88. 11,478 shares of the stock traded hands, compared to its average volume of 7,498. C&F Financial Corporation has a 1 year low of $64.71 and a 1 year high of $92.00. The firm has a market cap of $275.86 million, a P/E ratio of 9.47 and a beta of 0.32. The business's fifty day simple moving average is $81.49 and its 200 day simple moving average is $77.12. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. C&F Financial had a return on equity of 10.72% and a net margin of 14.91%.The firm had revenue of $39.37 million for the quarter.

C&F Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. C&F Financial's dividend payout ratio (DPR) is currently 21.43%.

Institutional Trading of C&F Financial

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of C&F Financial by 46.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 618 shares of the financial services provider's stock valued at $42,000 after buying an additional 195 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of C&F Financial by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider's stock worth $5,295,000 after acquiring an additional 509 shares during the last quarter. Empowered Funds LLC raised its stake in C&F Financial by 7.1% during the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock worth $1,026,000 after purchasing an additional 1,015 shares during the period. Goldman Sachs Group Inc. raised its position in shares of C&F Financial by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock valued at $887,000 after buying an additional 1,339 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of C&F Financial by 40.7% in the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 37.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CFFI. Wall Street Zen raised shares of C&F Financial from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of C&F Financial in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, C&F Financial currently has an average rating of "Hold".

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.

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