Insider Selling: C&F Financial Co. (NASDAQ:CFFI) CEO Sells 731 Shares of Stock

C&F Financial Co. (NASDAQ:CFFI) CEO Thomas F. Cherry sold 731 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $78.00, for a total transaction of $57,018.00. Following the transaction, the chief executive officer now owns 38,328 shares of the company’s stock, valued at approximately $2,989,584. The trade was a 1.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

C&F Financial Stock Performance

NASDAQ CFFI traded up $1.36 during trading hours on Tuesday, hitting $79.75. The company had a trading volume of 7,540 shares, compared to its average volume of 12,634. 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 1-year low of $33.51 and a 1-year high of $80.28. The company has a market cap of $257.59 million, a PE ratio of 13.85 and a beta of 0.38. The business has a 50 day moving average of $66.78 and a 200-day moving average of $57.08.

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

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.21%. C&F Financial’s payout ratio is 31.10%.

Institutional Investors Weigh In On C&F Financial

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of C&F Financial from a “buy” rating to a “hold” rating in a research note 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.