Short Interest in C&F Financial Corporation (NASDAQ:CFFI) Expands By 24.4%

C&F Financial Corporation (NASDAQ:CFFI) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 48,558 shares, an increase of 24.4% from the February 26th total of 39,041 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 3,437 shares, the days-to-cover ratio is currently 14.1 days.

Institutional Investors Weigh In On C&F Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of C&F Financial by 370.0% in the second quarter. BNP Paribas Financial Markets now owns 423 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 333 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in C&F Financial during the 2nd quarter valued at $36,000. New York State Common Retirement Fund purchased a new position in C&F Financial during the 2nd quarter worth $105,000. Rhumbline Advisers boosted its holdings in C&F Financial by 2,137.3% during the 2nd quarter. Rhumbline Advisers now owns 3,177 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 3,035 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of C&F Financial by 40.7% in the 1st quarter. Royal Bank of Canada now owns 5,354 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

C&F Financial Stock Up 1.3%

C&F Financial stock traded up $0.92 during mid-day trading on Wednesday, reaching $73.86. The stock had a trading volume of 2,013 shares, compared to its average volume of 4,095. The firm has a market capitalization of $240.49 million, a PE ratio of 8.92 and a beta of 0.34. C&F Financial has a fifty-two week low of $53.13 and a fifty-two week high of $80.99. The stock’s 50-day simple moving average is $74.56 and its 200-day simple moving average is $71.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 0.91.

C&F Financial (NASDAQ:CFFI) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $2.07 earnings per share for the quarter. C&F Financial had a return on equity of 10.82% and a net margin of 14.43%.The company had revenue of $35.88 million for the quarter.

C&F Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.48 per share. This is an increase from C&F Financial’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, March 13th. C&F Financial’s dividend payout ratio is 23.19%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of C&F Financial in a research note on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

C&F Financial Company Profile

C&F Financial Corporation is the bank holding company for C&F Bank, a community‐focused financial institution headquartered in Stephens City, Virginia. Founded in 1921, the company has grown from a single local bank into a regional franchise serving both retail and commercial clients. While the holding company trades on the Nasdaq under the ticker CFFI, its principal activities remain centered on traditional banking services designed to foster long-term relationships within its communities.

C&F Bank offers a full suite of deposit and lending products, including checking and savings accounts, money market accounts, certificates of deposit, and consumer and commercial loan facilities.