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

C&F Financial Co. (NASDAQ:CFFI) CFO Jason E. Long recently sold 600 shares of the company's stock in a transaction that took place on Tuesday, November 26th. The shares were sold at an average price of $78.71, bringing the total value of the transaction to $47,226. Following this sale, Long now owns 9,600 shares of the company, amounting to a total value of approximately $755,616. This transaction reflects a 5.88% reduction in Long's ownership of the stock. The details of the sale were disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed for further information.

C&F Financial Stock Performance

As of Thursday, the price of C&F Financial stock opened at $73.00. Over recent months, the stock's average price has risen, with a fifty-day simple moving average at $64.09 and a 200-day simple moving average at $55.18. The company's market capitalization stands at $235.79 million, and it possesses a price-to-earnings ratio of 12.90 with a beta of 0.36. C&F Financial has recorded a 1-year low of $33.51 and a 1-year high of $79.09. Current liquidity ratios show a quick ratio of 0.88 and a current ratio of 0.90, with a debt-to-equity ratio of 0.41.

C&F Financial Dividend Announcement

The company has also announced a quarterly dividend that will be issued on Wednesday, January 1st. Shareholders who are registered by Friday, December 13th, will receive a dividend of $0.44 per share, translating to an annualized dividend of $1.76 and providing a yield of 2.41%. The ex-dividend date falls on the same day, December 13th. C&F Financial's payout ratio is reported at 31.10%.

Analyst Ratings for C&F Financial

Institutional Investments in C&F Financial

Institutional investors have made moves regarding their stakes in C&F Financial, with some increasing their positions. Allspring Global Investments Holdings LLC acquired a new stake in C&F Financial valued at $31,000 during the second quarter, while Cubist Systematic Strategies LLC purchased a stake worth about $201,000. Point72 Asia Singapore Pte. Ltd. and Connor Clark & Lunn Investment Management Ltd. also increased their holdings in recent quarters along with Squarepoint Ops LLC. Currently, approximately 37.23% of C&F Financial's shares are owned by institutional investors and hedge funds.

About C&F Financial Corporation

C&F Financial Corporation serves as a bank holding company for Citizens and Farmers Bank, offering various banking services to individuals and businesses. It operates through three main segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment provides a range of services including checking and savings accounts, business loans, mortgage products, and installment loans.

Conclusion

This recent transaction by CFO Jason E. Long highlights the dynamic nature of stock ownership within C&F Financial Company and reflects broader trends in market activity.

CFO, Shares, Stock