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

Raymond James Financial Inc. acquired a new position in C&F Financial Co. (NASDAQ:CFFI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,423 shares of the financial services provider’s stock, valued at approximately $1,598,000. Raymond James Financial Inc. owned 0.69% of C&F Financial as of its most recent SEC filing.

Separately, Ritholtz Wealth Management acquired a new stake in shares of C&F Financial during the 4th quarter worth approximately $218,000. 37.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at C&F Financial

In other C&F Financial news, CEO Mark A. Fox sold 1,032 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.00, for a total transaction 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. This trade represents a 8.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

C&F Financial Trading Down 1.0 %

NASDAQ CFFI opened at $66.70 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.41. C&F Financial Co. has a 12 month low of $33.51 and a 12 month high of $89.90. The company has a market capitalization of $216.11 million, a PE ratio of 11.06 and a beta of 0.33. The stock has a 50-day simple moving average of $75.88 and a 200 day simple moving average of $70.66.

C&F Financial (NASDAQ:CFFI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.87 earnings per share 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, March 14th. This is a positive change from C&F Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 2.76%. C&F Financial’s payout ratio is currently 30.51%.

C&F Financial Profile

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.