Raymond James Financial Services Advisors Inc. Trims Position in C&F Financial Co. (NASDAQ:CFFI)

Raymond James Financial Services Advisors Inc. lessened its stake in C&F Financial Co. (NASDAQ:CFFI) by 52.3% during the fourth quarter, Holdings Channel reports. The firm owned 19,974 shares of the financial services provider’s stock after selling 21,910 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in C&F Financial were worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CFFI. SG Americas Securities LLC acquired a new stake in shares of C&F Financial during the 4th quarter worth $119,000. The Manufacturers Life Insurance Company increased its holdings in shares of C&F Financial by 0.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,482 shares of the financial services provider’s stock worth $6,136,000 after buying an additional 348 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of C&F Financial by 27.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 10,023 shares of the financial services provider’s stock worth $537,000 after buying an additional 2,169 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of C&F Financial during the 3rd quarter worth $247,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of C&F Financial during the 3rd quarter worth $64,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

C&F Financial Trading Down 6.8 %

CFFI stock opened at $40.05 on Friday. The company has a market cap of $134.97 million, a price-to-earnings ratio of 5.80 and a beta of 0.32. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $50.64 and a 200-day simple moving average of $56.04. C&F Financial Co. has a 52 week low of $39.82 and a 52 week high of $72.00.

C&F Financial (NASDAQ:CFFI) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 11.51% and a net margin of 15.56%. The firm had revenue of $31.75 million during the quarter.

C&F Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a $0.44 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.76 annualized dividend and a yield of 4.39%. C&F Financial’s dividend payout ratio is currently 25.47%.

C&F Financial Profile

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.