C&F Financial Co. (NASDAQ:CFFI – Get Rating) saw short interest rates rise sharply in the month of July. As of July 31, there was short interest totaling 5,300 shares, up 12.8% from July 15 of 4,700 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 1.3 days. Currently 0.2% of shares of the stock are shorted.
Price development of C&F Financial
Shares of C&F Financial fell $0.50 midday Friday to hit $50.70. 4,762 shares of the company were traded compared to an average volume of 7,991. C&F Financial has a yearly low of $43.10 and a yearly high of $55.00. The stock has a market cap of $178.46 million, a price-to-earnings ratio of 6.92 and a beta of 0.43. The company has a debt to equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 0.82. The stock has a 50-day moving average price of $47.19 and a 200-day moving average price of $49.55.
C&F Financial (NASDAQ:CFFI – Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported earnings per share (EPS) of $1.91 for the quarter. C&F Financial had a net margin of 20.40% and a return on equity of 12.70%. The company had revenue of $28.29 million for the quarter.
C&F Financial announces dividend
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The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. A dividend of $0.40 was paid to shareholders of record on Wednesday, June 15th. The ex-dividend date of this dividend was Tuesday June 14th. That equates to a dividend of $1.60 on an annualized basis and a dividend yield of 3.16%. C&F Financial’s payout ratio is 21.83%.
Changes in analyst ratings
Separately, StockNews.com took over coverage of C&F Financial shares in a research report on Tuesday, August 9th. They give the company a “buy” rating.
Institutional investors choose C&F Financial
A number of hedge funds have recently changed their positions in the business. FMR LLC increased its ownership of C&F Financial stock by 6.9% during the second quarter. FMR LLC now owns 39,886 shares of the financial services provider valued at $1,834,000 after purchasing an additional 2,576 shares last quarter. John G Ullman & Associates Inc. acquired a new interest in C&F Financial stock valued at approximately $267,000 during the second quarter. Manufacturers Life Insurance Company increased its stake in C&F Financial shares by 13.9% in the first quarter. Manufacturers Life Insurance Company now owns 75,588 shares of the financial services provider, valued at $3,788,000, after purchasing an additional 9,203 shares last quarter. First Manhattan Co. increased its stake in C&F Financial stock by 24.5% in the first quarter. First Manhattan Co. now owns 20,295 shares of the financial services provider, valued at $1,025,000, after purchasing an additional 4,000 shares last quarter. Finally, State Street Corp increased its holdings of shares in C&F Financial by 11.0% during the first quarter. State Street Corp now owns 9,486 shares of the financial services provider, valued at $479,000, after purchasing an additional 941 shares last quarter. 27.58% of the shares are currently held by institutional investors.
C&F Financial Company Profile
(received rating)
C&F Financial Corporation acts as the bank holding company for Citizens and Farmers Bank, which provides banking services to individuals and businesses. The company’s retail banking business offers a variety of banking services, including checking and savings accounts, as well as business, real estate, development, mortgage, home equity and installment loans.
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