C&F Financial Co. Announces Quarterly Dividend of $0.46 (NASDAQ:CFFI)

C&F Financial Co. (NASDAQ:CFFI) announced a quarterly dividend on Wednesday, May 21st, RTT News reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.46 per share by the financial services provider on Tuesday, July 1st. This represents a $1.84 dividend on an annualized basis and a yield of 2.78%.

C&F Financial has raised its dividend by an average of 3.7% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

C&F Financial Trading Down 2.1%

Shares of C&F Financial stock opened at $66.30 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $65.24 and its 200-day simple moving average is $71.42. The stock has a market cap of $214.81 million, a P/E ratio of 11.00 and a beta of 0.47. C&F Financial has a 1-year low of $41.48 and a 1-year high of $89.90.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $1.66 earnings per share for the quarter. The company had revenue of $32.58 million for the quarter. C&F Financial had a return on equity of 8.97% and a net margin of 11.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of C&F Financial from a “buy” rating to a “hold” rating in a report on Monday, April 28th.

Insider Transactions at C&F Financial

In other news, CEO Mark A. Fox sold 1,032 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total value of $83,592.00. Following the transaction, the chief executive officer now directly owns 11,005 shares in the company, valued at approximately $891,405. This represents a 8.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 1,407 shares of company stock worth $109,828 in the last 90 days. Insiders own 6.30% of the company’s stock.

Institutional Trading of C&F Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of C&F Financial by 40.7% during the first quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after buying an additional 1,550 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of C&F Financial by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,339 shares during the period. Finally, Empowered Funds LLC lifted its stake in C&F Financial by 7.1% during the 1st quarter. Empowered Funds LLC now owns 15,218 shares of the financial services provider’s stock worth $1,026,000 after acquiring an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Company Profile

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.