C&F Financial Co. (NASDAQ:CFFI) Sees Large Decrease in Short Interest

C&F Financial Co. (NASDAQ:CFFI - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 20,200 shares, a decrease of 45.7% from the March 15th total of 37,200 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CFFI. BlackRock Inc. grew its holdings in C&F Financial by 525.4% in the 2nd quarter. BlackRock Inc. now owns 154,853 shares of the financial services provider's stock valued at $8,316,000 after buying an additional 130,091 shares in the last quarter. Geode Capital Management LLC grew its holdings in C&F Financial by 107.9% in the 2nd quarter. Geode Capital Management LLC now owns 63,245 shares of the financial services provider's stock valued at $3,396,000 after buying an additional 32,824 shares in the last quarter. State Street Corp grew its holdings in C&F Financial by 236.7% in the 2nd quarter. State Street Corp now owns 36,491 shares of the financial services provider's stock valued at $1,964,000 after buying an additional 25,654 shares in the last quarter. Northern Trust Corp grew its holdings in C&F Financial by 242.5% in the 2nd quarter. Northern Trust Corp now owns 30,457 shares of the financial services provider's stock valued at $1,636,000 after buying an additional 21,565 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in C&F Financial by 120.7% in the 1st quarter. Susquehanna International Group LLP now owns 19,140 shares of the financial services provider's stock valued at $990,000 after buying an additional 10,469 shares in the last quarter. 37.23% of the stock is owned by institutional investors and hedge funds.

C&F Financial Price Performance

NASDAQ CFFI traded down $0.29 during mid-day trading on Thursday, hitting $42.99. The stock had a trading volume of 17,750 shares, compared to its average volume of 5,368. The firm's 50 day moving average is $51.25 and its 200 day moving average is $56.23. C&F Financial has a twelve month low of $42.05 and a twelve month high of $72.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $144.88 million, a price-to-earnings ratio of 6.22 and a beta of 0.32.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.50 EPS for the quarter. C&F Financial had a return on equity of 11.51% and a net margin of 15.56%. The firm had revenue of $31.75 million during the quarter.

C&F Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.09%. The ex-dividend date was Thursday, March 14th. C&F Financial's dividend payout ratio is currently 25.47%.

About C&F Financial

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.

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