C&F Financial Co. (NASDAQ:CFFI) short interest rose 30.5% in September

C&F Financial Co. (NASDAQ:CFFI – Get Free Report ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 26,500 shares, an increase of 30.5% from the August 31st total of 20,300 shares. Currently, 0.9% of the stock’s shares are short sold. Based on an average daily trading volume of 19,500 shares, the short interest rate is currently 1.4 days.

C&F financial trading down 1.0%

Shares of C&F Financial traded down $0.62 during trading on Friday, reaching $58.88. 3,935 shares of the company exchanged hands, compared to its average volume of 13,733. The stock’s 50-day simple moving average is $56.31, and its two-hundred-day simple moving average is $48.83. The company has a market cap of $197.72 million, a P/E ratio of 9.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90, and a quick ratio of 0.88. C&F Financial has a 52-week low of $33.51 and a 52-week high of $72.00.

C&F Financial (NASDAQ:CFFI – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.50 EPS for the quarter. C&F Financial had a return on equity of 9.05% and a net margin of 12.16%. The business had revenue of $31.15 million for the quarter.

C&F Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, September 13. This represents a dividend of $1.76 on an annualized basis and a dividend yield of 2.99%. C&F Financial’s dividend payout ratio is currently 29.04%.

Indoor activity

In related news, Director Charles Elis Olsson sold 500 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $57.01, for a total transaction of $28,505.00. Following the transaction, the director now directly owns 9,375 shares in the company, valued at $534,468.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Company insiders own 6.30% of the company’s shares.

Institutional Trading of C&F Financial

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of C&F Financial during the second quarter valued at approximately $31,000. Clearstead Trust LLC purchased a new position in C&F Financial in the 1st quarter worth approximately $47,000. OLD Point Trust & Financial Services NA acquired a new position in C&F Financial in the fourth quarter valued at about $48,000. Cubist Systematic Strategies LLC purchased a new stake in shares of C&F Financial in the second quarter valued at approximately $201,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C&F Financial in the second quarter valued at about $206,000. Hedge funds and other institutional investors own 37.23% of the company’s shares.

About C&F Financial

(Get a free report)

C&F Financial Corporation operates as the bank holding company for Citizens and Farmers Bank, which provides banking services to individuals and businesses. It operates through three segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.

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