Insider Selling: C&F Financial (NASDAQ:CFFI) CEO Sells $51,229.68 in Stock

C&F Financial Corporation (NASDAQ:CFFI) CEO Thomas Cherry sold 678 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $75.56, for a total value of $51,229.68. Following the completion of the sale, the chief executive officer owned 39,869 shares of the company’s stock, valued at approximately $3,012,501.64. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

C&F Financial Trading Up 0.2%

Shares of CFFI stock opened at $77.20 on Friday. 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 cap of $250.90 million, a P/E ratio of 8.87 and a beta of 0.34. The stock has a 50 day simple moving average of $74.75 and a 200 day simple moving average of $73.62. C&F Financial Corporation has a 1 year low of $57.09 and a 1 year high of $80.99.

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

C&F Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On C&F Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CFFI. Royal Bank of Canada lifted its stake in C&F Financial by 40.7% during the first 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of C&F Financial by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider’s stock worth $887,000 after buying an additional 1,339 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of C&F Financial by 7.1% during the first quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider’s stock worth $1,026,000 after buying an additional 1,015 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of C&F Financial by 110.3% during the second quarter. Geode Capital Management LLC now owns 72,611 shares of the financial services provider’s stock worth $4,483,000 after buying an additional 38,088 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of C&F Financial by 2,137.3% during the second quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,035 shares in the last quarter. 37.23% of the stock is currently owned by institutional investors.

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.