Insider Selling: C&F Financial Co. (NASDAQ:CFFI) CEO Sells 1,400 Shares of Stock

C&F Financial Co. (NASDAQ:CFFI) CEO S Dustin Crone sold 1,400 shares of C&F Financial stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $72.71, for a total transaction of $101,794.00. Following the transaction, the chief executive officer now directly owns 8,437 shares in the company, valued at $613,454.27. This trade represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

C&F Financial Price Performance

CFFI stock opened at $71.97 on Monday. C&F Financial Co. has a 52-week low of $33.51 and a 52-week high of $79.09. The business has a fifty day moving average of $64.59 and a two-hundred day moving average of $55.68. The stock has a market cap of $232.46 million, a price-to-earnings ratio of 12.72 and a beta of 0.36. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings data 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 firm had revenue of $33.46 million during the quarter.

C&F Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.45%. C&F Financial’s payout ratio is 31.10%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On C&F Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in C&F Financial in the second quarter valued at $31,000. Cubist Systematic Strategies LLC purchased a new position in shares of C&F Financial in the 2nd quarter valued at about $201,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of C&F Financial during the 2nd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in C&F Financial during the third quarter worth approximately $272,000. Finally, Squarepoint Ops LLC acquired a new position in C&F Financial in the second quarter valued at approximately $374,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

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.