C&F Financial Co. to Issue Quarterly Dividend of $0.42 (NASDAQ:CFFI)
C&F Financial Co. (NASDAQ: CFFI – Get a rating) announced a quarterly dividend on Wednesday, November 16, Zacks reports. Shareholders of record on Thursday, December 15 will receive a dividend of 0.42 per share from the financial services provider on Sunday, January 1. This represents an annualized dividend of $1.68 and a yield of 3.18%. The ex-dividend date is Wednesday, December 14.
C&F Financial has increased its dividend by an average of 3.9% per year for the past three years and has increased its dividend annually for the past 2 consecutive years.
C&F financial price performance
CFFI Share opened at $52.78 on Friday. The company has a debt ratio of 0.30, a current ratio of 0.81 and a quick ratio of 0.79. The company’s 50-day moving average is $54.20 and its 200-day moving average is $50.65. The stock has a market capitalization of $183.66 million, a PE ratio of 7.52 and a beta of 0.29. C&F Financial has a 1-year low of $43.10 and a 1-year high of $61.50.
Insiders place their bets
Separately, Chairman Larry G. Dillon sold 500 shares of C&F Financial in a trade dated Friday, November 4. The shares were sold at an average price of $54.25, for a total transaction 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. Separately, Chairman Larry G. Dillon sold 4,000 shares of the company in a trade on Tuesday, November 1. The stock was sold at an average price of $56.68, for a total transaction of $226,720.00. Following the completion of the sale, the president now owns 36,382 shares of the company, valued at $2,062,131.76. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Additionally, Chairman Larry G. Dillon sold 500 shares in a trade on Friday, November 4. The shares were sold at an average price of $54.25, for a total value of $27,125.00. Following the completion of the sale, the president now directly owns 35,882 shares of the company, valued at $1,946,598.50. Disclosure of this sale can be found here. Company insiders hold 6.40% of the company’s shares.
C&F Financial Institutional Trading
Several institutional investors have recently changed their positions in the company. State Street Corp increased its holdings in C&F Financial by 2.6% in the third quarter. State Street Corp now owns 9,737 shares of the financial services provider worth $525,000 after buying 251 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in C&F Financial shares by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 11,646 shares of the financial services provider worth $623,000 after buying 206 more shares in the last quarter. BlackRock Inc. increased its holdings of C&F Financial shares by 102.8% in the third quarter. BlackRock Inc. now owns 28,505 shares of the financial services provider valued at $1,525,000 after acquiring 14,448 additional shares last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of C&F Financial during the third quarter valued at approximately $251,000. Finally, Dimensional Fund Advisors LP increased its stake in C&F Financial by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 189,371 shares of the financial services provider worth $10,131,000 after acquiring an additional 2,161 shares during the period. Institutional investors hold 28.54% of the company’s shares.
Wall Street analysts predict growth
Separately, StockNews.com launched coverage on C&F Financial in a research note on Wednesday, October 12. They issued a “buy” rating for the company.
C&F Financial Company Profile
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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