Raymond James Financial Inc. Purchases New Stake in C&F Financial Co. (NASDAQ:CFFI)

Raymond James Financial Inc. bought a new stake in shares of C&F Financial Co. (NASDAQ:CFFI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,423 shares of the financial services provider's stock, valued at approximately $1,598,000. Raymond James Financial Inc. owned approximately 0.69% of C&F Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ritholtz Wealth Management purchased a new position in shares of C&F Financial in the 4th quarter valued at approximately $218,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of C&F Financial by 10.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,143 shares of the financial services provider's stock worth $366,000 after buying an additional 473 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of C&F Financial by 41.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,976 shares of the financial services provider's stock worth $711,000 after buying an additional 2,933 shares during the period. American Century Companies Inc. grew its holdings in shares of C&F Financial by 23.2% during the fourth quarter. American Century Companies Inc. now owns 12,057 shares of the financial services provider's stock valued at $859,000 after buying an additional 2,268 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of C&F Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider's stock valued at $1,012,000 after acquiring an additional 671 shares during the period. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Mark A. Fox sold 1,032 shares of C&F Financial stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total transaction of $83,592.00. Following the completion of the transaction, the chief executive officer now directly owns 11,005 shares of the company's stock, valued at $891,405. The trade was a 8.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by corporate insiders.

C&F Financial Stock Performance

NASDAQ:CFFI traded up $1.63 during midday trading on Thursday, hitting $65.59. The company's stock had a trading volume of 2,169 shares, compared to its average volume of 13,207. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. C&F Financial Co. has a fifty-two week low of $40.99 and a fifty-two week high of $89.90. The firm's 50 day moving average is $66.04 and its 200-day moving average is $71.02. The firm has a market cap of $212.50 million, a P/E ratio of 10.88 and a beta of 0.47.

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

C&F Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.46 dividend. This is an increase from C&F Financial's previous quarterly dividend of $0.44. The ex-dividend date was Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.81%. C&F Financial's dividend payout ratio is presently 27.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.