C&F Finance Company (NASDAQ:CFI – get grade) 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 last three years and has increased its dividend annually for the last 2 consecutive years.
C&F Financial Price Performance
CFFI shares it opened at $52.78 on Friday. The firm has a debt to equity 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 minimum of $43.10 and a 1-year maximum of $61.50.
Insiders place their bets
In other news, Chairman Larry G. Dillon sold 500 shares of C&F Financial in a transaction completed on Friday, November 4. The shares sold at an average price of $54.25, for a total transaction of $27,125.00. Following the completion of the transaction, the Chairman 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 and Exchange Commission, which can be accessed via this link. In related news, Chairman Larry G. Dillon sold 4,000 shares of the company in a transaction on Tuesday, November 1. The shares 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 and Exchange Commission, which is available at this link. In addition, Chairman Larry G. Dillon sold 500 shares in a transaction on Friday, November 4. The shares sold at an average price of $54.25, for a total value of $27,125.00. Following the completion of the sale, the Chairman now directly owns 35,882 shares of the company, valued at $1,946,598.50. Disclosure of this sale can be found here. Corporate experts own 6.40% of the company’s shares.
Institutional Negotiation of C&F Financial
Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its holdings in C&F Financial by 2.6% during the third quarter. State Street Corp now owns 9,737 shares of the financial services provider worth $525,000 after buying an additional 251 shares 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 an additional 206 shares last quarter. BlackRock Inc. increased its stake in 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 an additional 14,448 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in C&F Financial stock 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 own 28.54% of the company’s shares.
Wall Street analysts forecast growth
Separately, stocknews.com began coverage of C&F Financial in a research note on Wednesday, October 12. They issued a “buy” rating for the company.
Profile of the financial company C&F
C&F Financial Corporation operates as a banking holding company for Citizens and Farmers Bank providing banking services to individuals and businesses. The company’s Retail Banking offers various banking services, including checking and savings deposit accounts, as well as commercial, real estate, development, mortgage, home equity and installment loans.
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