Truffle Hound Capital LLC Acquires New Position in C&F Financial Co. (NASDAQ:CFFI)

Truffle Hound Capital LLC acquired a new stake in C&F Financial Co. (NASDAQ:CFFI) during the fourth quarter, Holdings Channel reports. The firm acquired 75,000 shares of the financial services provider’s stock, valued at approximately $5,344,000. C&F Financial comprises 1.9% of Truffle Hound Capital LLC’s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in C&F Financial in the 4th quarter valued at about $218,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in C&F Financial in the 3rd quarter valued at about $272,000. Empowered Funds LLC raised its stake in C&F Financial by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 670 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in C&F Financial in the 4th quarter valued at about $1,598,000. 37.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, CEO Mark A. Fox sold 1,032 shares of C&F Financial stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the completion of the transaction, the chief executive officer now owns 11,005 shares of the company’s stock, valued at $891,405. The trade was a 8.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company’s stock.

C&F Financial Trading Down 3.7 %

Shares of C&F Financial stock opened at $71.05 on Friday. C&F Financial Co. has a 52-week low of $33.51 and a 52-week high of $89.90. The stock’s 50-day simple moving average is $76.18 and its 200 day simple moving average is $69.83. The stock has a market capitalization of $230.20 million, a P/E ratio of 11.78 and a beta of 0.33. 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 (NASDAQ:CFFI) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

C&F Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from C&F Financial’s previous quarterly dividend of $0.44. C&F Financial’s payout ratio is presently 30.51%.

C&F Financial Company Profile

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.