C&F Financial Co. (NASDAQ:CFFI) Short Interest Up 20.0% in April

C&F Financial Co. (NASDAQ:CFFIGet Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 3,000 shares, an increase of 20.0% from the March 31st total of 2,500 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are sold short.

CFFI opened at $51.31 on Tuesday. The stock has a market capitalization of $182.25 million, a price-to-earnings ratio of 6.74 and a beta of 0.49. The firm’s 50 day moving average price is $50.62. C&F Financial has a 52-week low of $42.38 and a 52-week high of $55.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.84.

The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.12%. C&F Financial’s dividend payout ratio is currently 21.02%.

Separately, StockNews.com started coverage on shares of C&F Financial in a research note on Wednesday, April 27th. They set a “buy” rating on the stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of C&F Financial by 428.2% during the 3rd quarter. UBS Group AG now owns 1,236 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,002 shares in the last quarter. Royal Bank of Canada lifted its stake in C&F Financial by 1,636.4% during the second quarter. Royal Bank of Canada now owns 3,004 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,831 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in C&F Financial during the third quarter valued at about $202,000. Morgan Stanley lifted its stake in C&F Financial by 304.0% during the second quarter. Morgan Stanley now owns 3,907 shares of the financial services provider’s stock valued at $200,000 after buying an additional 2,940 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its stake in C&F Financial by 16.9% during the fourth quarter. Susquehanna International Group LLP now owns 7,388 shares of the financial services provider’s stock valued at $378,000 after buying an additional 1,068 shares in the last quarter. Hedge funds and other institutional investors own 27.58% of the company’s stock.

About C&F Financial (Get Rating)

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company's Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.

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