C&F Financial Co. (NASDAQ:CFFI) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in shares of C&F Financial Co. (NASDAQ:CFFI) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,960 shares of the financial services provider’s stock after acquiring an additional 7,500 shares during the quarter. Renaissance Technologies LLC’s holdings in C&F Financial were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of C&F Financial during the 2nd quarter worth approximately $31,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of C&F Financial in the fourth quarter valued at $48,000. Empowered Funds LLC increased its position in C&F Financial by 7.9% during the 1st quarter. Empowered Funds LLC now owns 11,962 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 875 shares in the last quarter. John G Ullman & Associates Inc. raised its stake in C&F Financial by 5.4% in the 1st quarter. John G Ullman & Associates Inc. now owns 17,560 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 900 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in C&F Financial by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock valued at $8,063,000 after purchasing an additional 945 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Price Performance

C&F Financial stock opened at $58.88 on Friday. The firm’s 50-day moving average is $56.31 and its two-hundred day moving average is $48.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.88. The stock has a market capitalization of $197.72 million, a P/E ratio of 9.72 and a beta of 0.37. C&F Financial Co. has a 12-month low of $33.51 and a 12-month high of $72.00.

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

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, September 13th. This represents a $1.76 annualized dividend and a yield of 2.99%. C&F Financial’s dividend payout ratio (DPR) is presently 29.04%.

Insiders Place Their Bets

In other news, Director Charles Elis Olsson sold 500 shares of the company’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 completion of the transaction, the director now owns 9,375 shares of the company’s stock, valued at approximately $534,468.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by corporate insiders.

C&F Financial 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.