C&F Financial Co. Announces Quarterly Dividend of $0.44 (NASDAQ:CFFI)

C&F Financial Co. (NASDAQ:CFFI) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.44 per share by the financial services provider on Wednesday, January 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, December 13th.

C&F Financial has increased its dividend by an average of 5.0% annually over the last three years and has raised its dividend annually for the last 12 consecutive years.

C&F Financial Price Performance

NASDAQ:CFFI opened at $74.19 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. The stock’s 50-day simple moving average is $62.95 and its 200 day simple moving average is $54.37. The company has a market cap of $239.63 million, a P/E ratio of 13.11 and a beta of 0.36. C&F Financial has a 52-week low of $33.51 and a 52-week high of $76.25.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Thomas F. Cherry sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the sale, the chief executive officer now owns 39,059 shares in the company, valued at $2,734,130. The trade was a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

C&F Financial Company Profile

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.