LSV Asset Management Reduces Holdings in C&F Financial Co. (NASDAQ:CFFI)

LSV Asset Management lessened its position in shares of C&F Financial Co. (NASDAQ:CFFI) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 29,967 shares of the financial services provider’s stock after selling 400 shares during the quarter. LSV Asset Management’s holdings in C&F Financial were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CFFI. BNP Paribas Financial Markets lifted its position in shares of C&F Financial by 69.4% during the 1st quarter. BNP Paribas Financial Markets now owns 8,018 shares of the financial services provider’s stock valued at $393,000 after buying an additional 3,286 shares during the last quarter. Huber Capital Management LLC raised its stake in shares of C&F Financial by 3.6% during the 1st quarter. Huber Capital Management LLC now owns 44,061 shares of the financial services provider’s stock valued at $2,159,000 after purchasing an additional 1,516 shares during the period. Clearstead Trust LLC bought a new stake in shares of C&F Financial during the 1st quarter valued at $47,000. Vanguard Group Inc. raised its stake in shares of C&F Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock valued at $8,063,000 after purchasing an additional 945 shares during the period. Finally, John G Ullman & Associates Inc. raised its stake in shares of C&F Financial by 5.4% during the 1st quarter. John G Ullman & Associates Inc. now owns 17,560 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Stock Performance

NASDAQ:CFFI opened at $56.84 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.90. C&F Financial Co. has a 52-week low of $33.51 and a 52-week high of $72.00. The firm has a market cap of $190.87 million, a price-to-earnings ratio of 9.38 and a beta of 0.37. The business’s fifty day moving average is $53.75 and its 200 day moving average is $48.41.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 9.05% and a net margin of 12.16%. The company had revenue of $31.15 million for the quarter.

C&F Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.76 dividend on an annualized basis and a yield of 3.10%. C&F Financial’s dividend payout ratio is currently 29.04%.

Insiders Place Their Bets

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

About C&F Financial

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that 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.