Rhino Investment Partners Inc Sells 5,838 Shares of C&F Financial Corporation $CFFI

Key Points

• Rhino Investment Partners Inc reduced its stake in C&F Financial Corporation by 20.6%, owning 22,506 shares valued at approximately $1.52 million as of the end of the first quarter.
• Susquehanna International Group LLP increased its C&F Financial holdings by 412.7% in the fourth quarter, bringing their total to 39,111 shares worth about $2.79 million.
• C&F Financial recently declared a quarterly dividend of $0.46 per share, resulting in an annualized dividend of $1.84 and a yield of 2.7% for stockholders.

Rhino Investment Partners Inc decreased its position in shares of C&F Financial Corporation (NASDAQ:CFFI - Free Report) by 20.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,506 shares of the financial services provider's stock after selling 5,838 shares during the period. Rhino Investment Partners Inc owned about 0.69% of C&F Financial worth $1,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of C&F Financial in the 4th quarter worth approximately $1,598,000. Susquehanna International Group LLP grew its stake in shares of C&F Financial by 412.7% in the 4th quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider's stock worth $2,787,000 after buying an additional 31,482 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of C&F Financial by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 107,585 shares of the financial services provider's stock worth $7,665,000 after buying an additional 327 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of C&F Financial in the 4th quarter worth approximately $345,000. Finally, Jane Street Group LLC grew its stake in shares of C&F Financial by 150.1% in the 4th quarter. Jane Street Group LLC now owns 22,301 shares of the financial services provider's stock worth $1,589,000 after buying an additional 13,385 shares during the last quarter. Hedge funds and other institutional investors own 37.23% of the company's stock.

Analyst Ratings Changes

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

C&F Financial Stock Up 1.6%

CFFI stock traded up $1.13 during midday trading on Tuesday, hitting $71.35. The company's stock had a trading volume of 5,619 shares, compared to its average volume of 14,625. The company has a market cap of $231.16 million, a PE ratio of 9.45 and a beta of 0.49. C&F Financial Corporation has a 12 month low of $53.13 and a 12 month high of $89.90. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm's 50-day moving average is $65.24 and its 200-day moving average is $67.44.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter. The business had revenue of $36.36 million for 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 15th. C&F Financial's dividend payout ratio is presently 24.37%.

Insider Buying and Selling at C&F Financial

In other news, CEO Thomas F. Cherry sold 1,205 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $71.00, for a total transaction of $85,555.00. Following the transaction, the chief executive officer directly owned 38,402 shares of the company's stock, valued at $2,726,542. This represents a 3.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by insiders.

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.