C&F Financial Co. (NASDAQ:CFFI) Short Interest Up 30.5% in September

C&F Financial Co. (NASDAQ:CFFI) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 26,500 shares, a growth of 30.5% from the August 31st total of 20,300 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,500 shares, the short-interest ratio is presently 1.4 days.

C&F Financial Trading Down 1.0 %

C&F Financial stock traded down $0.62 during trading on Friday, reaching $58.88. 3,935 shares of the company were exchanged, compared to its average volume of 13,733. The stock’s 50 day simple moving average is $56.31 and its two-hundred day simple moving average is $48.83. The company has a market capitalization of $197.72 million, a P/E ratio of 9.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.88. C&F Financial has a 52-week low of $33.51 and a 52-week high of $72.00.

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.50 EPS for the quarter. C&F Financial had a return on equity of 9.05% and a net margin of 12.16%. The business had revenue of $31.15 million for the quarter.

C&F Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, September 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.99%. C&F Financial’s dividend payout ratio is currently 29.04%.

Insider Activity

In related news, Director Charles Elis Olsson sold 500 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $57.01, for a total transaction of $28,505.00. Following the transaction, the director now directly owns 9,375 shares in the company, valued at $534,468.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial during the 2nd quarter worth about $31,000. Clearstead Trust LLC purchased a new position in C&F Financial during the first quarter worth about $47,000. OLD Point Trust & Financial Services N A purchased a new position in C&F Financial during the fourth quarter worth about $48,000. Cubist Systematic Strategies LLC acquired a new stake in shares of C&F Financial during the second quarter valued at about $201,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial in the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

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.