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

Raymond James Financial Inc. acquired a new stake in C&F Financial Co. (NASDAQ:CFFI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,423 shares of the financial services provider's stock, valued at approximately $1,598,000. Raymond James Financial Inc. owned about 0.69% of C&F Financial at the end of the most recent reporting period.

Separately, Empowered Funds LLC lifted its position in shares of C&F Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 14,203 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 671 shares during the period. Institutional investors own 37.23% of the company's stock.

C&F Financial Trading Down 1.7 %

Shares of C&F Financial stock traded down $1.04 on Friday, reaching $59.06. 11,409 shares of the company's stock were exchanged, compared to its average volume of 14,036. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90. The company has a market capitalization of $191.35 million, a P/E ratio of 9.79 and a beta of 0.33. The firm's 50-day moving average is $75.49 and its two-hundred day moving average is $70.57. C&F Financial Co. has a 52 week low of $33.51 and a 52 week high of $89.90.

C&F Financial (NASDAQ:CFFI - Get Free Report) last released 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 net margin of 11.67% and a return on equity of 8.97%.

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C&F Financial Increases Dividend

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

Insider Transactions at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the sale, the chief executive officer now owns 11,005 shares in the company, valued at $891,405. This represents a 8.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is owned by insiders.

C&F Financial Company 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.