C&F Financial Co. (NASDAQ:CFFI) Sees Significant Increase in Short Interest

C&F Financial Co. (NASDAQ:CFFI) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 30,700 shares, a growth of 10.4% from the January 15th total of 27,800 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 11,300 shares, the days-to-cover ratio is currently 2.7 days.

C&F Financial Stock Performance

NASDAQ:CFFI opened at $83.83 on Tuesday. The firm has a market capitalization of $270.77 million, a PE ratio of 13.90 and a beta of 0.38. The stock’s fifty day moving average is $75.20 and its 200 day moving average is $66.53. C&F Financial has a fifty-two week low of $33.51 and a fifty-two week high of $89.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.88 and a current ratio of 0.90.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded C&F Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Insider Activity at C&F Financial

In related news, CFO Jason E. Long sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $78.71, for a total transaction of $47,226.00. Following the completion of the sale, the chief financial officer now owns 9,600 shares of the company’s stock, valued at $755,616. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas F. Cherry sold 731 shares of C&F Financial stock in a transaction on Monday, December 9th. The stock was sold at an average price of $78.00, for a total value of $57,018.00. Following the completion of the sale, the chief executive officer now directly owns 38,328 shares of the company’s stock, valued at approximately $2,989,584. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,493 shares of company stock worth $487,075 over the last ninety days. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of C&F Financial by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 107,585 shares of the financial services provider’s stock worth $7,665,000 after buying an additional 327 shares during the period. Truffle Hound Capital LLC acquired a new stake in C&F Financial during the 4th quarter worth about $5,344,000. Bridgeway Capital Management LLC grew its stake in C&F Financial by 1.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,893 shares of the financial services provider’s stock valued at $3,056,000 after purchasing an additional 471 shares during the last quarter. Susquehanna International Group LLP increased its holdings in shares of C&F Financial by 412.7% in the fourth quarter. Susquehanna International Group LLP now owns 39,111 shares of the financial services provider’s stock valued at $2,787,000 after purchasing an additional 31,482 shares during the period. Finally, Rhino Investment Partners Inc purchased a new position in shares of C&F Financial in the fourth quarter worth about $2,020,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

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.