Citadel Advisors LLC Acquires New Position in C&F Financial Co. (NASDAQ:CFFI)

Citadel Advisors LLC acquired a new position in shares of C&F Financial Co. (NASDAQ:CFFI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,448 shares of the financial services provider's stock, valued at approximately $459,000. Citadel Advisors LLC owned 0.20% of C&F Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of C&F Financial by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 107,585 shares of the financial services provider's stock worth $7,665,000 after acquiring an additional 327 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of C&F Financial in the fourth quarter worth about $5,344,000. Susquehanna International Group LLP raised its position in shares of C&F Financial by 412.7% in the fourth quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after acquiring an additional 31,482 shares during the period. Rhino Investment Partners Inc acquired a new position in shares of C&F Financial in the fourth quarter worth about $2,020,000. Finally, Raymond James Financial Inc. acquired a new position in shares of C&F Financial in the fourth quarter worth about $1,598,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

C&F Financial Price Performance

Shares of C&F Financial stock traded down $0.52 during trading hours on Wednesday, reaching $65.16. The stock had a trading volume of 5,536 shares, compared to its average volume of 12,495. The stock's 50 day moving average is $64.21 and its 200 day moving average is $71.26. The firm has a market capitalization of $211.12 million, a PE ratio of 10.81 and a beta of 0.47. C&F Financial Co. has a twelve month low of $41.48 and a twelve month high of $89.90. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41.

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

C&F Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, June 13th. This represents a $1.84 annualized dividend and a yield of 2.82%. C&F Financial's dividend payout ratio is presently 27.54%.

C&F Financial 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.