C&F Financial Co. (NASDAQ:CFFI) benefited from a sharp decline in short interest in January. As of January 31, there was selling interest totaling 4,400 shares, down 15.4% from the total of 5,200 shares as of January 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 2,600 shares, the short interest ratio is currently 1.7 days.
Several hedge funds and other institutional investors have recently bought and sold shares of CFFI. Millennium Management LLC purchased a new stock position in C&F Financial during Q2 for a value of approximately $3,024,000. FMR LLC acquired a new position in C&F Financial during Q2 valued at approximately $1,887,000. The Manufacturers Life Insurance Company increased its stake in C&F Financial by 39.0% during the third quarter. The Manufacturers Life Insurance Company now owns 64,937 shares of the financial services provider valued at $3,449,000 after buying an additional 18,205 shares last quarter. O Shaughnessy Asset Management LLC increased its stake in C&F Financial by 100.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,266 shares of the financial services provider valued at $492,000 after buying an additional 4,644 shares last quarter. Finally, Vanguard Group Inc. increased its stake in C&F Financial by 3.0% during the second quarter. Vanguard Group Inc. now owns 142,268 shares of the financial services provider valued at $7,256,000 after buying an additional 4,114 shares last quarter. Hedge funds and other institutional investors hold 28.04% of the company’s shares.
Separately, StockNews.com began covering C&F Financial shares in a research note on Monday. They set a “buy” rating for the company.
The NASDAQ CFFI opened at $50.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt ratio of 0.27. The company has a market capitalization of $177 million, a PE ratio of 6.30 and a beta of 0.50. The company has a 50-day moving average price of $51.74 and a 200-day moving average price of $52.07. C&F Financial has a 52 week low of $39.43 and a 52 week high of $55.00.
About C&F Financial
C&F Financial Corp. is a bank holding company that provides retail and business banking services. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, commercial, real estate, development, mortgage, home equity and installment loans.
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