Raymond James Financial Inc. Buys New Stake in C&F Financial Co. (NASDAQ:CFFI)

Raymond James Financial Inc. purchased a new position in C&F Financial Co. (NASDAQ:CFFI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,423 shares of the financial services provider's stock, valued at approximately $1,598,000. Raymond James Financial Inc. owned approximately 0.69% of C&F Financial at the end of the most recent quarter.

Separately, Empowered Funds LLC boosted its stake in C&F Financial by 5.0% during the fourth quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider's stock worth $1,012,000 after buying an additional 671 shares during the period. Institutional investors own 37.23% of the company's stock.

Insider Activity at C&F Financial

In other C&F Financial news, CEO Mark A. Fox sold 1,032 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.00, for a total transaction of $83,592.00. Following the transaction, the chief executive officer now directly owns 11,005 shares in the company, valued at $891,405. This trade represents a 8.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by company insiders.

C&F Financial Trading Down 1.7 %

NASDAQ CFFI traded down $1.04 during trading on Friday, hitting $59.06. The stock had a trading volume of 11,409 shares, compared to its average volume of 14,130. C&F Financial Co. has a one year low of $33.51 and a one year high of $89.90. The stock has a 50 day simple moving average of $75.21 and a 200 day simple moving average of $70.77. The stock has a market capitalization of $191.35 million, a price-to-earnings ratio of 9.79 and a beta of 0.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90.

C&F Financial (NASDAQ:CFFI - Get Free Report) last posted its quarterly earnings data 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%.

C&F Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from C&F Financial's previous quarterly dividend of $0.44. C&F Financial's dividend payout ratio (DPR) is currently 30.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of C&F Financial from a "hold" rating to a "buy" rating in a research note on Friday.

C&F Financial Profile

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.