C&F Financial Co. (NASDAQ: CFFIGet a rating) Chairman Larry G. Dillon sold 500 shares of the company in a trade that took place on Friday, November 4. The shares were sold at an average price of $54.25, for a total value of $27,125.00. Following completion of the transaction, the President now directly owns 35,882 shares of the company, valued at $1,946,598.50. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

C&F financial price performance

Shares of C&F Financial Stock traded lower from $1.48 in Tuesday’s trading, hitting $51.52. The company’s shares had a trading volume of 3,831 shares, compared to an average volume of 4,157. The company has a 50-day moving average price of $53.67 and a 200-day moving average price of 50, $53. The company has a market capitalization of $181.35 million, a P/E ratio of 7.55 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt ratio of 0.28. C&F Financial Co. has a 12-month low of $43.10 and a 12-month high of $61.50.

C&F Financial increases its dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, October 1. Shareholders of record on Thursday, September 15 received a dividend of $0.42 per share. The ex-dividend date was Wednesday, September 14. This is a boost from C&F Financial’s previous quarterly dividend of $0.40. This represents a dividend of $1.68 on an annualized basis and a dividend yield of 3.26%. C&F Financial’s dividend payout ratio is 23.93%.

C&F Financial Institutional Trading

A number of institutional investors have recently increased or reduced their stake in the stock. First Republic Investment Management Inc. bought a new position in C&F Financial in the third quarter worth approximately $203,000. The Manufacturers Life Insurance Company increased its holdings of C&F Financial shares by 6.2% in the third quarter. The Manufacturers Life Insurance Company now owns 112,217 shares of the financial services provider worth $6,004,000 after acquiring an additional 6,502 shares during the period. Trust Co. of Virginia VA bought a new position in C&F Financial in Q3 worth approximately $886,000. John G Ullman & Associates Inc. increased its stake in C&F Financial by 207.3% during the third quarter. John G Ullman & Associates Inc. now owns 17,880 shares of the financial services provider worth $957,000 after buying an additional 12,061 shares in the last quarter. Finally, FMR LLC increased its position in C&F Financial by 6.9% during the second quarter. FMR LLC now owns 39,886 shares of the financial services provider worth $1,834,000 after purchasing an additional 2,576 shares last quarter. Hedge funds and other institutional investors hold 28.54% of the company’s shares.

Analysts set new price targets

Separately, StockNews.com launched a hedge on C&F Financial shares in a research report on Wednesday, October 12. They set a “buy” rating for the company.

C&F Financial Company Profile

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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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