C&F Financial Co. (NASDAQ: CFFI – Get a rating) recorded a significant increase in short-term interest in April. As of April 15, there was short interest totaling 3,000 shares, an increase of 20.0% from the March 31 total of 2,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,700 shares, the short-term interest rate ratio is currently 1.1 days.
Separately, StockNews.com supposed coverage of C&F Financial shares in a report from Wednesday, April 27. They set a “buy” rating for the company.
CFFI stock opened at $51.31 on Tuesday. The stock has a market capitalization of $182.25 million, a PE ratio of 6.74 and a beta of 0.49. The stock’s 50-day moving average is $50.62. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt ratio of 0.26. C&F Financial has a 52 week low of $42.38 and a 52 week high of $55.00.
The company also recently announced a quarterly dividend, which was paid on Friday, April 1. Shareholders of record on Tuesday, March 15 received a dividend of $0.40 per share. The ex-dividend date was Monday, March 14. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 3.12%. C&F Financial’s dividend payout ratio is currently 21.02%.
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Hedge funds have recently increased or reduced their stakes in the company. BlackRock Inc. increased its position in C&F Financial by 1.9% during the fourth quarter. BlackRock Inc. now owns 15,405 shares of the financial services provider worth $789,000 after acquiring 294 additional shares in the last quarter. Wells Fargo & Company MN increased its holdings in C&F Financial by 1.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,882 shares of the financial services provider valued at $915,000 after buying an additional 295 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in C&F Financial shares by 0.7% in Q4. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider valued at $2,839,000 after acquiring an additional 400 shares during the period. UBS Group AG increased its stake in C&F Financial shares by 428.2% in the third quarter. UBS Group AG now owns 1,236 shares of the financial services provider valued at $65,000 after acquiring an additional 1,002 shares during the period. Finally, Susquehanna International Group LLP increased its stake in C&F Financial by 16.9% during the 4th quarter. Susquehanna International Group LLP now owns 7,388 shares of the financial services provider worth $378,000 after purchasing an additional 1,068 shares during the period. 27.58% of the shares are held by institutional investors and hedge funds.
About C&F Financial (Get a rating)
C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.
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