C&F Financial Co. (NASDAQ: CFFI – Get a rating) saw a sharp drop in short-term interest in August. As of August 31, there was short interest totaling 5,200 shares, down 14.8% from the total of 6,100 shares as of August 15. Based on an average daily volume of 4,800 shares, the short interest rate is currently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

Analysts set new price targets

Separately, StockNews.com supposed coverage on C&F Financial in a report on Saturday, September 10. They issued a “buy” rating on the stock.

Hedge funds weigh on C&F Financial

Several large investors have recently bought and sold shares of the stock. John G Ullman & Associates Inc. purchased a new stake in C&F Financial stock during Q2 for $267,000. State Street Corp increased its position in C&F Financial shares by 11.0% in the first quarter. State Street Corp now owns 9,486 shares of the financial services provider valued at $479,000 after buying 941 additional shares in the last quarter. Dakota Wealth Management bought a new equity stake in C&F Financial during Q1 for $651,000. First Manhattan Co. increased its position in C&F Financial shares by 24.5% in the first quarter. First Manhattan Co. now owns 20,295 shares of the financial services provider valued at $1,025,000 after buying an additional 4,000 shares in the last quarter. Finally, FMR LLC increased its position in C&F Financial shares by 6.9% during the 2nd quarter. FMR LLC now owns 39,886 shares of the financial services provider valued at $1,834,000 after purchasing an additional 2,576 shares in the last quarter. 28.54% of the stock is currently held by institutional investors.

C&F Financial shares up 8.5%

Shares of CFFI traded at $4.19 during Friday trading hours, hitting $53.75. The stock recorded trading volume of 23,512 shares, compared to an average trading volume of 4,483 shares. C&F Financial has a 12-month low of $43.10 and a 12-month high of $54.30. The company has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $49.40. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt ratio of 0.28. The company has a market capitalization of $189.20 million, a price-earnings ratio of 7.33 and a beta of 0.38.

C&F Financial (NASDAQ: CFFI – Get a rating) last released its quarterly earnings data on Thursday, July 21. The financial services provider reported earnings per share of $1.91 for the quarter. C&F Financial had a return on equity of 12.70% and a net margin of 20.40%. The company had revenue of $28.29 million for the quarter.

C&F Financial increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1. Shareholders of record on Thursday, September 15 will receive a dividend of $0.42 per share. The ex-dividend date is Wednesday, September 14. This is a boost from C&F Financial’s previous quarterly dividend of $0.40. This represents an annualized dividend of $1.68 and a yield of 3.13%. C&F Financial’s dividend payout ratio (DPR) is 22.92%.

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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