Insider Selling: C&F Financial Co. (NASDAQ:CFFI) CEO Sells $57,018.00 in Stock

C&F Financial Co. (NASDAQ:CFFI) CEO Thomas F. Cherry sold 731 shares of C&F Financial stock in a transaction on Monday, December 9th. The stock was sold at an average price of $78.00, for a total value of $57,018.00. Following the transaction, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at $2,989,584. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

C&F Financial Trading Up 0.5 %

NASDAQ:CFFI opened at $79.62 on Friday. The company has a market capitalization of $256.77 million, a PE ratio of 14.03 and a beta of 0.38. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. C&F Financial Co. has a 52-week low of $33.51 and a 52-week high of $80.87. The stock has a fifty day simple moving average of $67.57 and a 200-day simple moving average of $57.46.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The business had revenue of $33.46 million during the quarter. C&F Financial had a return on equity of 8.58% and a net margin of 11.39%.

C&F Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, December 13th. C&F Financial’s dividend payout ratio is presently 31.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded C&F Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Institutional Trading of C&F Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CFFI. Allspring Global Investments Holdings LLC purchased a new stake in C&F Financial during the 2nd quarter worth about $31,000. Cubist Systematic Strategies LLC purchased a new stake in C&F Financial during the 2nd quarter worth about $201,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in C&F Financial during the 2nd quarter worth about $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in C&F Financial during the 3rd quarter worth about $272,000. Finally, Squarepoint Ops LLC purchased a new stake in C&F Financial during the 2nd quarter worth about $374,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.