C&F Financial Co. (NASDAQ:CFFI) to Issue $0.40 Quarterly Dividend

C&F Financial Co. (NASDAQ:CFFIGet Rating) declared a quarterly dividend on Thursday, May 19th, Zacks reports. Stockholders of record on Wednesday, June 15th will be given a dividend of 0.40 per share by the financial services provider on Friday, July 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, June 14th.

C&F Financial has raised its dividend payment by an average of 3.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

C&F Financial stock opened at $51.20 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.86 and a quick ratio of 0.84. C&F Financial has a 1-year low of $47.58 and a 1-year high of $55.00. The company has a market cap of $181.25 million, a PE ratio of 6.73 and a beta of 0.44. The stock’s 50 day moving average price is $50.84 and its 200 day moving average price is $51.17.

In related news, Director James H. Hudson III sold 2,200 shares of C&F Financial stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $51.01, for a total value of $112,222.00. Following the sale, the director now directly owns 11,627 shares in the company, valued at $593,093.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of CFFI. UBS Group AG grew its holdings in C&F Financial by 428.2% in the third 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 during the last quarter. Royal Bank of Canada grew its holdings in C&F Financial by 1,636.4% in the second quarter. Royal Bank of Canada now owns 3,004 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,831 shares during the last quarter. Morgan Stanley grew its holdings in C&F Financial by 304.0% in the second quarter. Morgan Stanley now owns 3,907 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 2,940 shares during the last quarter. Susquehanna International Group LLP grew its holdings in C&F Financial by 16.9% in the fourth quarter. Susquehanna International Group LLP now owns 7,388 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 1,068 shares during the last quarter. Finally, State Street Corp grew its holdings in C&F Financial by 11.0% in the first quarter. State Street Corp now owns 9,486 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 941 shares during the last quarter. 27.58% of the stock is currently owned by institutional investors.

Separately, StockNews.com began coverage on C&F Financial in a research note on Saturday. They issued a “buy” rating on the stock.

C&F Financial Company Profile (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.

See Also

Dividend History for C&F Financial (NASDAQ:CFFI)

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