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

C&F Financial Co. (NASDAQ:CFFI) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 32,800 shares, a growth of 20.1% from the February 28th total of 27,300 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 10,400 shares, the days-to-cover ratio is presently 3.2 days.

C&F Financial Stock Up 2.5 %

CFFI opened at $68.40 on Thursday. The stock’s 50 day moving average price is $75.78 and its 200 day moving average price is $70.64. 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 stock has a market cap of $221.62 million, a P/E ratio of 11.34 and a beta of 0.33. C&F Financial has a 12 month low of $33.51 and a 12 month high of $89.90.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.87 EPS for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from C&F Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, March 14th. C&F Financial’s payout ratio is 30.51%.

Insider Activity at C&F Financial

In other C&F Financial news, CEO Mark A. Fox sold 1,032 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the sale, the chief executive officer now owns 11,005 shares in the company, valued at approximately $891,405. This trade represents a 8.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

A number of institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased 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 acquiring an additional 1,284 shares during the period. Ritholtz Wealth Management bought a new position in C&F Financial during the 4th quarter valued at $218,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of C&F Financial during the 4th quarter valued at $230,000. 683 Capital Management LLC bought a new stake in shares of C&F Financial in the 4th quarter worth $338,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of C&F Financial in the 4th quarter worth $345,000. 37.23% of the stock is owned by institutional investors and hedge funds.

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.