C&F Financial Co. (NASDAQ:CFFI) Short Interest Up 15.8% in November

C&F Financial Co. (NASDAQ:CFFI) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 22,700 shares, an increase of 15.8% from the October 31st total of 19,600 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

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

Insider Transactions at C&F Financial

In other C&F Financial news, CEO Bryan Edwin Mckernon sold 1,262 shares of C&F Financial stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $76.00, for a total value of $95,912.00. Following the transaction, the chief executive officer now owns 13,245 shares in the company, valued at $1,006,620. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason E. Long sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $78.71, for a total value of $47,226.00. Following the completion of the sale, the chief financial officer now owns 9,600 shares in the company, valued at $755,616. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,762 shares of company stock valued at $570,057. 6.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. John G Ullman & Associates Inc. increased its holdings in C&F Financial by 2.0% during the 3rd quarter. John G Ullman & Associates Inc. now owns 10,050 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in C&F Financial in the third quarter worth $272,000. Empowered Funds LLC boosted its holdings in C&F Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 670 shares during the period. GSA Capital Partners LLP acquired a new position in shares of C&F Financial during the third quarter valued at $476,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of C&F Financial in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Price Performance

Shares of NASDAQ CFFI traded down $1.04 during mid-day trading on Tuesday, hitting $75.56. 24,042 shares of the company’s stock traded hands, compared to its average volume of 11,750. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. C&F Financial has a 1 year low of $33.51 and a 1 year high of $79.09. The company has a market capitalization of $244.06 million, a P/E ratio of 13.35 and a beta of 0.38. The company’s 50-day moving average is $65.28 and its two-hundred day moving average is $56.14.

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

C&F Financial Dividend Announcement

The firm 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. This represents a $1.76 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s payout ratio is currently 31.10%.

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.