C&F Financial Co. (NASDAQ:CFFI) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its stake in C&F Financial Co. (NASDAQ:CFFI - Free Report) by 526.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,017 shares of the financial services provider's stock after purchasing an additional 4,216 shares during the period. Bank of America Corp DE owned approximately 0.16% of C&F Financial worth $357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CFFI. Raymond James Financial Inc. purchased a new stake in shares of C&F Financial in the fourth quarter valued at about $1,598,000. Truffle Hound Capital LLC purchased a new stake in C&F Financial in the 4th quarter valued at approximately $5,344,000. Jane Street Group LLC grew its holdings 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 valued at $1,589,000 after buying an additional 13,385 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in C&F Financial during the fourth quarter worth $230,000. Finally, Empowered Funds LLC raised its holdings in shares of C&F Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider's stock worth $1,012,000 after acquiring an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 37.23% of the company's stock.

C&F Financial Trading Down 3.8%

NASDAQ CFFI traded down $2.47 during mid-day trading on Friday, reaching $62.50. 10,869 shares of the stock were exchanged, compared to its average volume of 12,272. The stock has a market capitalization of $202.50 million, a PE ratio of 10.36 and a beta of 0.47. 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 Co. has a 1-year low of $41.48 and a 1-year high of $89.90. The business's fifty day simple moving average is $64.38 and its 200 day simple moving average is $70.85.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly 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 for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.84 annualized dividend and a dividend yield of 2.94%. C&F Financial's dividend payout ratio is presently 27.54%.

Analyst Ratings Changes

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

C&F Financial Company Profile

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.