C&F Financial Co. (NASDAQ:CFFI) to Issue Dividend Increase - $0.46 Per Share

C&F Financial Co. (NASDAQ:CFFI - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.46 per share by the financial services provider on Tuesday, April 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from C&F Financial's previous quarterly dividend of $0.44.

C&F Financial has raised its dividend by an average of 3.7% per year over the last three years.

C&F Financial Trading Down 3.7 %

Shares of C&F Financial stock traded down $2.90 during midday trading on Monday, reaching $76.29. The company had a trading volume of 10,494 shares, compared to its average volume of 11,143. C&F Financial has a fifty-two week low of $33.51 and a fifty-two week high of $89.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The stock has a fifty day moving average price of $75.61 and a 200 day moving average price of $67.69. The firm has a market cap of $246.72 million, a PE ratio of 12.65 and a beta of 0.38.

C&F Financial (NASDAQ:CFFI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded C&F Financial from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th.

Insider Activity

In related news, CEO S Dustin Crone sold 1,400 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $72.71, for a total transaction of $101,794.00. Following the completion of the sale, the chief executive officer now owns 8,437 shares in the company, valued at approximately $613,454.27. This represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason E. Long sold 600 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $78.71, for a total value of $47,226.00. Following the sale, the chief financial officer now owns 9,600 shares of the company's stock, valued at $755,616. This trade represents a 5.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,993 shares of company stock worth $301,950 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.

About C&F Financial

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.