Connor Clark & Lunn Investment Management Ltd. Acquires 473 Shares of C&F Financial Co. (NASDAQ:CFFI)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of C&F Financial Co. (NASDAQ:CFFI) by 10.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,143 shares of the financial services provider’s stock after purchasing an additional 473 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in C&F Financial were worth $366,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CFFI. Ritholtz Wealth Management bought a new position in C&F Financial during the fourth quarter valued at approximately $218,000. Empowered Funds LLC lifted its holdings in shares of C&F Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 13,532 shares of the financial services provider’s stock valued at $790,000 after buying an additional 670 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in C&F Financial in the fourth quarter worth about $1,598,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

C&F Financial Stock Performance

Shares of NASDAQ CFFI opened at $71.05 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $230.20 million, a price-to-earnings ratio of 11.78 and a beta of 0.33. C&F Financial Co. has a 12-month low of $33.51 and a 12-month high of $89.90. The firm has a 50 day moving average of $76.18 and a 200 day moving average of $70.01.

C&F Financial (NASDAQ:CFFI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. C&F Financial had a net margin of 11.67% and a return on equity of 8.97%.

C&F Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.59%. This is an increase from C&F Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, March 14th. C&F Financial’s dividend payout ratio is presently 30.51%.

Insider Activity at C&F Financial

In related news, CEO Mark A. Fox sold 1,032 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.00, for a total value of $83,592.00. Following the sale, the chief executive officer now directly owns 11,005 shares in the company, valued at approximately $891,405. The trade was a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

About C&F Financial

C&F Financial Corp. is a bank holding company, which engages in the provision of banking services to individuals and businesses. It operates through the following segments: Community Banking, Mortgage Banking and Consumer Finance. The Community Banking segment provides checking and savings deposit accounts, business, real estate, development, mortgage, home equity, and installment loans.