Point72 Asia Singapore Pte. Ltd. Buys Shares of 4,283 C&F Financial Co. (NASDAQ:CFFI)

Point72 Asia Singapore Pte. Ltd. purchased a new position in C&F Financial Co. (NASDAQ:CFFI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,283 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in CFFI. BNP Paribas Financial Markets raised its holdings in C&F Financial by 42.7% in the fourth quarter. BNP Paribas Financial Markets now owns 4,732 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 1,415 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of C&F Financial during the 4th quarter worth approximately $48,000. John G Ullman & Associates Inc. lifted its position in C&F Financial by 5.4% during the first quarter. John G Ullman & Associates Inc. now owns 17,560 shares of the financial services provider’s stock valued at $860,000 after acquiring an additional 900 shares during the last quarter. Empowered Funds LLC boosted its stake in C&F Financial by 7.9% in the first quarter. Empowered Funds LLC now owns 11,962 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 875 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new position in C&F Financial in the first quarter worth $47,000. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

C&F Financial Stock Performance

Shares of CFFI stock opened at $59.50 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The company has a market cap of $199.80 million, a PE ratio of 9.82 and a beta of 0.37. C&F Financial Co. has a 12-month low of $33.51 and a 12-month high of $72.00. The business’s fifty day simple moving average is $55.93 and its 200-day simple moving average is $48.72.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.50 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 during the quarter.

C&F Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, September 13th. C&F Financial’s dividend payout ratio is presently 29.04%.

Insider Buying and Selling at C&F Financial

In other news, Director Charles Elis Olsson sold 500 shares of C&F Financial stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $57.01, for a total transaction of $28,505.00. Following the completion of the sale, the director now directly owns 9,375 shares in the company, valued at $534,468.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

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.