C&F Financial Corporation (CFFI) To Go Ex-Dividend on September 14th
C&F Financial Corporation (NASDAQ:CFFI) announced a quarterly dividend on Thursday, August 17th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.33 per share by the financial services provider on Sunday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of C&F Financial Corporation (CFFI) traded down 0.52% during mid-day trading on Wednesday, reaching $47.75. 819 shares of the company’s stock were exchanged. C&F Financial Corporation has a 52-week low of $40.01 and a 52-week high of $53.40. The firm has a market cap of $166.50 million, a P/E ratio of 12.63 and a beta of 0.89. The company has a 50 day moving average price of $48.28 and a 200 day moving average price of $47.90.
C&F Financial Corporation (NASDAQ:CFFI) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.19 EPS for the quarter. The firm had revenue of $27.37 million for the quarter. C&F Financial Corporation had a net margin of 11.31% and a return on equity of 9.27%. Analysts forecast that C&F Financial Corporation will post $1.68 earnings per share for the current fiscal year.
C&F Financial Corporation announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 17th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 35% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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An institutional investor recently raised its position in C&F Financial Corporation stock. State Street Corp increased its holdings in C&F Financial Corporation (NASDAQ:CFFI) by 8.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,656 shares of the financial services provider’s stock after purchasing an additional 3,565 shares during the period. State Street Corp owned approximately 1.25% of C&F Financial Corporation worth $2,046,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.18% of the company’s stock.
C&F Financial Corporation Company Profile
C&F Financial Corporation is a bank holding company. The Company owns and operates through its subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank), which is an independent commercial bank. The Company’s segments include Retail Banking, Mortgage Banking, Consumer Finance and Other. Through the Retail Banking segment, the Company engages in a range of lending activities, which include the origination of one- to four-family and multi-family residential mortgage loans, commercial real estate loans, construction loans, land acquisition and development loans, consumer loans and commercial business loans.
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