C&F Financial Co. CFO Jason E. Long Sells Shares

Jason E. Long, the Chief Financial Officer of C&F Financial Co. (NASDAQ:CFFI), sold 600 shares of the company’s stock on Tuesday, November 26th. The shares were sold at an average price of $78.71, resulting in a total transaction value of $47,226.00. After this sale, Mr. Long holds 9,600 shares, which amount to an approximate value of $755,616. This represents a reduction of 5.88% in his ownership stake in the company. Details of this transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), accessible through their official site.

Recent Stock Performance

As of Thursday, C&F Financial stock opened at $73.00, indicating a decrease of 7.5% in trading. The stock's fifty-day simple moving average is $64.09, while the 200-day average stands at $55.18. The company's market capitalization is approximately $235.79 million, with a price-to-earnings ratio of 12.90 and a beta of 0.36. Over the past year, the stock has fluctuated between a low of $33.51 and a high of $79.09. Financial ratios indicate a quick ratio of 0.88, a current ratio of 0.90, and a debt-to-equity ratio of 0.41.

Financial Results and Dividends

On October 29th, C&F Financial reported their latest earnings, revealing an earnings per share (EPS) of $1.65 for the quarter. The company achieved a net margin of 11.39% and a return on equity of 8.58%, with reported revenue of $33.46 million during the quarter. Additionally, the firm announced a quarterly dividend, scheduled for payment on Wednesday, January 1st. Shareholders of record on Friday, December 13th, will receive a dividend of $0.44 per share, totaling an annualized dividend of $1.76 with a yield of 2.41%. The ex-dividend date is also set for December 13th, and the company's payout ratio stands at 31.10%.

Analyst Ratings

In a research update on November 19th, StockNews.com downgraded C&F Financial’s stock rating from “buy” to “hold.”

Institutional Investor Activity

Recent activity among institutional investors shows a dynamic landscape. Allspring Global Investments Holdings LLC acquired a new position in C&F Financial shares valued at around $31,000 during the second quarter. Additionally, Cubist Systematic Strategies LLC purchased shares worth approximately $201,000, and Point72 Asia Singapore Pte. Ltd. invested about $206,000 in the same quarter. Other firms like Connor Clark & Lunn Investment Management Ltd. and Squarepoint Ops LLC also expanded their stakes in C&F Financial, with investments valued at around $272,000 and $374,000, respectively. Currently, institutional investors and hedge funds hold about 37.23% of C&F Financial's stock.

About C&F Financial

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank, providing various banking services for individuals and businesses. The firm operates across three main segments: Community Banking, Mortgage Banking, and Consumer Finance. Within the Community Banking segment, a range of banking services is offered, including checking and savings accounts, business loans, real estate loans, and more.

C&F, Financial, Shares