Insider Selling: C&F Financial (NASDAQ:CFFI) CEO Sells $43,565.00 in Stock

Key Points

• CEO Thomas Cherry sold 500 C&F Financial shares at an average price of $87.13, generating $43,565 and reducing his holdings by 1.27% to 38,869 shares.
• C&F Financial recently reported $2.40 in quarterly EPS on $39.37 million in revenue, while its stock traded at $85.84 with a market capitalization of about $279 million.
• The company pays a quarterly dividend of $0.48 per share, equivalent to a 2.2% yield; analysts and Weiss Ratings maintain a “Hold” view, and institutional investors own 37.23% of the stock.

C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) CEO Thomas Cherry sold 500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.13, for a total transaction of $43,565.00. Following the completion of the transaction, the chief executive officer owned 38,869 shares in the company, valued at approximately $3,386,655.97. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

C&F Financial Stock Performance

CFFI traded down $2.80 during trading on Friday, reaching $85.84. 310 shares of the company's stock were exchanged, compared to its average volume of 7,395. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.88. C&F Financial Corporation has a 1 year low of $64.00 and a 1 year high of $89.76. The company's fifty day simple moving average is $79.14 and its 200-day simple moving average is $76.15. The stock has a market capitalization of $279.32 million, a P/E ratio of 9.58 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.40 EPS for the quarter. C&F Financial had a net margin of 14.91% and a return on equity of 10.90%. The business had revenue of $39.37 million for the quarter.

C&F Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, June 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.2%. C&F Financial's dividend payout ratio (DPR) is presently 21.43%.

Institutional Trading of C&F Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in C&F Financial by 110.3% during the 2nd quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider's stock valued at $4,483,000 after acquiring an additional 38,088 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in C&F Financial during the second quarter worth approximately $631,000. Siena Capital Partners GP LLC acquired a new position in C&F Financial during the fourth quarter worth $500,000. Rhumbline Advisers grew its holdings in C&F Financial by 2,137.3% in the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider's stock valued at $196,000 after buying an additional 3,035 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in C&F Financial in the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 37.23% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of C&F Financial in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, C&F Financial has a consensus rating of "Hold".

About C&F Financial

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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