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

C&F Financial Co. (NASDAQ:CFFI) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, December 13th.

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

C&F Financial Price Performance

CFFI opened at $74.19 on Friday. The business’s 50-day moving average is $62.95 and its two-hundred day moving average is $54.46. C&F Financial has a 1 year low of $33.51 and a 1 year high of $76.25. 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 market capitalization of $239.63 million, a PE ratio of 13.11 and a beta of 0.36.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered C&F Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Insider Transactions at C&F Financial

In other news, CEO Thomas F. Cherry sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00. Following the sale, the chief executive officer now owns 39,059 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.30% 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.