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 company’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 transaction, the executive vice president now directly owns 4,494 shares in the company, valued at approximately $332,780.70. The trade was a 35.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

C&F Financial Price Performance

Shares of CFFI stock opened at $73.00 on Friday. The stock has a 50 day moving average price of $64.36 and a 200 day moving average price of $55.30. The firm has a market capitalization of $235.79 million, a P/E ratio of 12.90 and a beta of 0.36. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. C&F Financial Co. has a 52-week low of $33.51 and a 52-week high of $79.09.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings data 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 net margin of 11.39% and a return on equity of 8.58%.

C&F Financial Dividend Announcement

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

Hedge Funds Weigh In On C&F Financial

Several hedge funds have recently modified their holdings of the stock. Huber Capital Management LLC grew its position in C&F Financial by 42.7% during the 2nd quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock worth $3,030,000 after purchasing an additional 18,804 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in C&F Financial during the 3rd quarter worth about $476,000. Squarepoint Ops LLC purchased a new position in shares of C&F Financial in the second quarter worth about $374,000. Renaissance Technologies LLC boosted its position 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 buying an additional 7,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in C&F Financial during the 3rd quarter worth approximately $272,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.