Key Points
- C&F Financial CEO Thomas Cherry sold 500 shares on May 27 at an average price of $75.00, totaling $37,500. After the sale, he still owned 40,369 shares, a 1.22% reduction in his holdings.
- The stock was trading around $74.49, near its 50-day and 200-day moving averages, and the company has a market cap of about $242 million with a low beta of 0.35.
- C&F Financial recently declared a quarterly dividend of $0.48 per share, payable July 1, implying an annualized yield of 2.6%. The stock currently carries a consensus Hold rating from analysts.
C&F Financial Corporation (NASDAQ:CFFI - Get Free Report) CEO Thomas Cherry sold 500 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.00, for a total value of $37,500.00. Following the sale, the chief executive officer owned 40,369 shares of the company's stock, valued at $3,027,675. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
C&F Financial Stock Up 0.5%
Shares of C&F Financial stock opened at $74.49 on Friday. The business has a 50-day moving average of $74.28 and a 200-day moving average of $73.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $242.09 million, a PE ratio of 8.56 and a beta of 0.35. C&F Financial Corporation has a 1-year low of $57.09 and a 1-year high of $80.99.
C&F Financial (NASDAQ:CFFI - Get Free Report) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter. The company had revenue of $36.26 million during the quarter. C&F Financial had a return on equity of 11.03% and a net margin of 14.84%.
C&F Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, June 15th. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. C&F Financial's dividend payout ratio (DPR) is currently 22.07%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "hold (c)" rating on shares of C&F Financial in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, C&F Financial presently has a consensus rating of "Hold".
View Our Latest Stock Report on CFFI
Hedge Funds Weigh In On C&F Financial
Hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC acquired a new position in C&F Financial in the third quarter worth about $854,000. Geode Capital Management LLC grew its stake in C&F Financial by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 72,922 shares of the financial services provider's stock worth $5,295,000 after purchasing an additional 509 shares in the last quarter. Empowered Funds LLC grew its stake in C&F Financial by 7.1% in the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider's stock worth $1,026,000 after purchasing an additional 1,015 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in C&F Financial by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider's stock worth $887,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in C&F Financial by 40.7% in the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider's stock worth $361,000 after purchasing an additional 1,550 shares in the last quarter. 37.23% of the stock is currently owned by institutional investors and hedge funds.
About C&F Financial
(
Get Free Report)
C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.
C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
