C&F Financial Co. (NASDAQ:CFFI) CEO Sells $140,000.00 in Stock

C&F Financial Co. (NASDAQ:CFFI - Get Free Report) CEO Thomas F. Cherry sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the transaction, the chief executive officer now directly owns 39,059 shares of the company's stock, valued at $2,734,130. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

C&F Financial Stock Performance

Shares of NASDAQ CFFI traded down $2.82 during midday trading on Thursday, hitting $67.82. 9,800 shares of the company's stock traded hands, compared to its average volume of 12,650. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a market capitalization of $221.77 million, a price-to-earnings ratio of 11.98 and a beta of 0.36. The firm has a fifty day moving average of $59.66 and a 200 day moving average of $51.92. C&F Financial Co. has a 1 year low of $33.51 and a 1 year high of $72.00.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released its quarterly 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 8.68%. The business had revenue of $33.46 million for the quarter.

C&F Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, September 13th. C&F Financial's dividend payout ratio is presently 31.10%.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of C&F Financial during the 2nd quarter valued at approximately $31,000. Clearstead Trust LLC purchased a new position in C&F Financial during the first quarter valued at approximately $47,000. Cubist Systematic Strategies LLC bought a new position in shares of C&F Financial in the second quarter worth approximately $201,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial in the second quarter worth $206,000. Finally, Squarepoint Ops LLC bought a new stake in shares of C&F Financial during the 2nd quarter valued at $374,000. Hedge funds and other institutional investors own 37.23% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded C&F Financial from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st.

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.