C&F Financial Co. (NASDAQ: CFFI – Get a rating) was the target of a sharp decline in short interest in March. As of March 31, there was short interest totaling 2,500 shares, down 19.4% from the March 15 total of 3,100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume of 2,600 shares, the short-term interest rate ratio is currently 1.0 day.
A number of large investors have recently increased or reduced their stakes in the stock. BlackRock Inc. increased its stake in C&F Financial by 1.9% during the 4th quarter. BlackRock Inc. now owns 15,405 shares of the financial services provider valued at $789,000 after buying an additional 294 shares in the last quarter. Wells Fargo & Company MN increased its stake in C&F Financial by 1.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,882 shares of the financial services provider valued at $915,000 after acquiring 295 additional shares last quarter. The Manufacturers Life Insurance Company increased its position in C&F Financial by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 66,385 shares of the financial services provider valued at $3,398,000 after acquiring 1,448 additional shares last quarter. Susquehanna International Group LLP increased its stake in C&F Financial by 16.9% in the fourth quarter. Susquehanna International Group LLP now owns 7,388 shares of the financial services provider valued at $378,000 after acquiring an additional 1,068 shares last quarter. Finally, Advisor Group Holdings Inc. increased its stake in C&F Financial by 0.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider valued at $2,839,000 after acquiring 400 additional shares last quarter. Hedge funds and other institutional investors own 28.04% of the company’s shares.
NASDAQ CFFI opened at $50.82 on Tuesday. The company’s 50-day simple moving average is $50.54. C&F Financial has a 12-month low of $39.43 and a 12-month high of $55.00. The company has a market capitalization of $180.51 million, a PE ratio of 6.40 and a beta of 0.49. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt ratio of 0.26.
C&F Financial (NASDAQ: CFFI – Get a rating) last released its quarterly results on Tuesday, January 25. The financial services provider reported EPS of $1.67 for the quarter. The company had revenue of $31.01 million in the quarter. C&F Financial had a return on equity of 14.04% and a net margin of 20.14%.
The company also recently announced a quarterly dividend, which was paid on Friday, April 1. Investors of record on Tuesday, March 15 received a dividend of $0.40 per share. This represents an annualized dividend of $1.60 and a yield of 3.15%. The ex-dividend date was Monday, March 14. C&F Financial’s payout ratio is currently 20.15%.
Separately, StockNews.com kicked off coverage of C&F Financial stocks in a report on Tuesday. They issued a “buy” rating on the stock.
C&F Financial Company Profile (Get a rating)
C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.
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