Insider Selling: C&F Financial (NASDAQ:CFFI) CEO Sells 329 Shares of Stock

C&F Financial Corporation (NASDAQ:CFFI) CEO Thomas Cherry sold 329 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $78.50, for a total transaction of $25,826.50. Following the transaction, the chief executive officer directly owned 39,540 shares of the company’s stock, valued at approximately $3,103,890. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

C&F Financial Trading Up 2.6%

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

C&F Financial (NASDAQ:CFFI) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $2.08 EPS for the quarter. C&F Financial had a net margin of 14.84% and a return on equity of 11.03%. The company had revenue of $36.26 million during the quarter.

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. C&F Financial’s dividend payout ratio is 22.07%.

Institutional Trading of C&F Financial

A number of institutional investors and hedge funds have recently bought and sold shares of CFFI. Royal Bank of Canada increased its position in C&F Financial by 40.7% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. increased its position in C&F Financial by 11.3% during the 1st 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 in the last quarter. Empowered Funds LLC increased its position in C&F Financial by 7.1% during the 1st 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 in the last quarter. Geode Capital Management LLC increased its position in C&F Financial by 110.3% during the 2nd quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider’s stock worth $4,483,000 after purchasing an additional 38,088 shares in the last quarter. Finally, Rhumbline Advisers grew its position in C&F Financial by 2,137.3% in the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 3,035 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of C&F Financial in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average 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.