Insider Selling: C&F Financial Co. (NASDAQ:CFFI) EVP Sells 2,500 Shares of Stock

C&F Financial Co. (NASDAQ:CFFI) EVP John A. Seaman III sold 2,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $74.05, for a total value of $185,125.00. Following the completion of the transaction, the executive vice president now owns 4,494 shares of the company’s stock, valued at approximately $332,780.70. This represents a 35.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C&F Financial Trading Down 7.5 %

Shares of CFFI opened at $73.00 on Thursday. C&F Financial Co. has a 1-year low of $33.51 and a 1-year high of $79.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $64.09 and a 200-day simple moving average of $55.18. The stock has a market cap of $235.79 million, a price-to-earnings ratio of 12.90 and a beta of 0.36.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share for the quarter. The company had revenue of $33.46 million during the quarter. C&F Financial had a return on equity of 8.58% and a net margin of 11.39%.

C&F Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.41%. C&F Financial’s dividend payout ratio (DPR) is presently 31.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Hedge Funds Weigh In On C&F Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in C&F Financial by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock valued at $8,063,000 after acquiring an additional 945 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of C&F Financial in the second quarter valued at $31,000. Renaissance Technologies LLC increased its stake in C&F Financial by 9.1% in the second quarter. Renaissance Technologies LLC now owns 89,960 shares of the financial services provider’s stock valued at $4,336,000 after purchasing an additional 7,500 shares during the last quarter. Huber Capital Management LLC lifted its position in C&F Financial by 42.7% during the second quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock worth $3,030,000 after buying an additional 18,804 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in C&F Financial in the 2nd quarter worth about $201,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

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.