Thomas Cherry Sells 678 Shares of C&F Financial (NASDAQ:CFFI) Stock

C&F Financial Corporation (NASDAQ:CFFI) CEO Thomas Cherry sold 678 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $75.56, for a total value of $51,229.68. Following the completion of the transaction, the chief executive officer owned 39,869 shares of the company’s stock, valued at approximately $3,012,501.64. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

C&F Financial Stock Up 2.6%

NASDAQ CFFI traded up $1.95 on Wednesday, reaching $78.00. The company had a trading volume of 18,921 shares, compared to its average volume of 4,434. The firm has a market capitalization of $253.50 million, a PE ratio of 8.97 and a beta of 0.34. C&F Financial Corporation has a 1 year low of $57.09 and a 1 year high of $80.99. The firm has a 50-day moving average of $74.47 and a 200-day moving average of $73.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.88.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $2.08 earnings per share for the quarter. The firm 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. This represents a $1.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. C&F Financial’s dividend payout ratio is 22.07%.

Hedge Funds Weigh In On C&F Financial

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in C&F Financial by 46.1% during the third quarter. BNP Paribas Financial Markets now owns 618 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Geode Capital Management LLC lifted its stake in C&F Financial by 0.7% during 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 during the last quarter. Empowered Funds LLC lifted its stake in C&F Financial by 7.1% during 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 during the last quarter. Goldman Sachs Group Inc. lifted its stake in C&F Financial by 11.3% during 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 during the last quarter. Finally, Royal Bank of Canada lifted its stake in C&F Financial by 40.7% during 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 during the last quarter. 37.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of C&F Financial in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About C&F Financial

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.