Renaissance Technologies LLC Boosts Position in C&F Financial Co. (NASDAQ:CFFI)

Renaissance Technologies LLC grew its stake in shares of C&F Financial Co. (NASDAQ:CFFI) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,960 shares of the financial services provider’s stock after purchasing an additional 7,500 shares during the quarter. Renaissance Technologies LLC owned approximately 2.68% of C&F Financial worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in C&F Financial during the 2nd quarter worth approximately $31,000. Clearstead Trust LLC acquired a new position in shares of C&F Financial in the 1st quarter valued at $47,000. OLD Point Trust & Financial Services N A acquired a new position in shares of C&F Financial in the 4th quarter valued at $48,000. BNP Paribas Financial Markets raised its position in C&F Financial by 42.7% in the 4th quarter. BNP Paribas Financial Markets now owns 4,732 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in C&F Financial by 7.9% during the 1st quarter. Empowered Funds LLC now owns 11,962 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 875 shares during the period. Hedge funds and other institutional investors own 37.23% of the company’s stock.

Insider Activity at C&F Financial

In related news, Director Charles Elis Olsson sold 500 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $57.01, for a total transaction of $28,505.00. Following the completion of the transaction, the director now directly owns 9,375 shares of the company’s stock, valued at $534,468.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.

C&F Financial Trading Down 1.0 %

NASDAQ CFFI opened at $58.88 on Friday. The firm’s fifty day moving average is $56.31 and its two-hundred day moving average is $48.85. C&F Financial Co. has a one year low of $33.51 and a one year high of $72.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.90. The firm has a market cap of $197.72 million, a PE ratio of 9.72 and a beta of 0.37.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter. C&F Financial had a return on equity of 9.05% and a net margin of 12.16%. The firm had revenue of $31.15 million for the quarter.

C&F Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, September 13th. C&F Financial’s dividend payout ratio is presently 29.04%.

C&F Financial Company 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.