C&F Financial Co. (NASDAQ:CFFI) Short Interest Down 21.6% in March

by · The Cerbat Gem

C&F Financial Co. (NASDAQ:CFFI – Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 25,700 shares, a drop of 21.6% from the March 15th total of 32,800 shares. Based on an average trading volume of 12,100 shares, the short-interest ratio is presently 2.1 days. Currently, 0.9% of the shares of the stock are sold short.

Insider Transactions at C&F Financial

In other news, CEO Mark A. Fox sold 1,032 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $81.00, for a total value 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 approximately $891,405. This represents a 8.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by insiders.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CFFI. Millennium Management LLC grew its holdings in C&F Financial by 13.2% during the 4th quarter. Millennium Management LLC now owns 15,311 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 1,788 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of C&F Financial by 234.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,831 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,284 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of C&F Financial by 1.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,893 shares of the financial services provider’s stock valued at $3,056,000 after purchasing an additional 471 shares in the last quarter. Citadel Advisors LLC bought a new position in C&F Financial in the 4th quarter worth approximately $459,000. Finally, Bank of America Corp DE lifted its holdings in C&F Financial by 526.3% during the 4th quarter. Bank of America Corp DE now owns 5,017 shares of the financial services provider’s stock worth $357,000 after buying an additional 4,216 shares in the last quarter. 37.23% of the stock is currently owned by institutional investors and hedge funds.

C&F Financial Price Performance

NASDAQ:CFFI traded up $1.91 on Friday, reaching $59.75. The stock had a trading volume of 16,990 shares, compared to its average volume of 14,135. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $193.59 million, a P/E ratio of 9.91 and a beta of 0.32. C&F Financial has a 1-year low of $34.95 and a 1-year high of $89.90. The stock has a fifty day moving average price of $70.23 and a 200-day moving average price of $70.57.

C&F Financial (NASDAQ:CFFI – Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 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%.

C&F Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.84 dividend on an annualized basis and a yield of 3.08%. This is a positive change from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s payout ratio is currently 30.51%.

Analysts Set New Price Targets

Separately, StockNews.com raised C&F Financial from a “hold” rating to a “buy” rating in a report on Sunday.

Check Out Our Latest Stock Report on C&F Financial

C&F Financial Company Profile

(Get Free Report)

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.

Featured Stories