Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 4,670 C&F Financial Co. (NASDAQ:CFFI)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in C&F Financial Co. (NASDAQ:CFFI) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 4,670 shares of the financial services provider’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Huber Capital Management LLC boosted its stake in C&F Financial by 42.7% during the second quarter. Huber Capital Management LLC now owns 62,865 shares of the financial services provider’s stock worth $3,030,000 after buying an additional 18,804 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of C&F Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 164,547 shares of the financial services provider’s stock worth $8,063,000 after acquiring an additional 945 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of C&F Financial during the 3rd quarter valued at about $476,000. Allspring Global Investments Holdings LLC bought a new stake in C&F Financial in the second quarter valued at about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in C&F Financial in the second quarter worth about $206,000. 37.23% of the stock is currently owned by institutional investors and hedge funds.

C&F Financial Stock Down 1.4 %

Shares of NASDAQ:CFFI opened at $71.97 on Monday. The company’s fifty day moving average is $64.59 and its 200-day moving average is $55.68. 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 Co. has a 52 week low of $33.51 and a 52 week high of $79.09. The company has a market capitalization of $232.46 million, a PE ratio of 12.72 and a beta of 0.36.

C&F Financial (NASDAQ:CFFI) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. The business had revenue of $33.46 million for the quarter. C&F Financial had a net margin of 11.39% and a return on equity of 8.58%.

C&F Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a $0.44 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.76 dividend on an annualized basis and a yield of 2.45%. C&F Financial’s dividend payout ratio is presently 31.10%.

Analyst Ratings Changes

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

Insider Buying and Selling at C&F Financial

In other news, CFO Jason E. Long sold 600 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $78.71, for a total transaction of $47,226.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas F. Cherry sold 2,000 shares of C&F Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,059 shares in the company, valued at approximately $2,734,130. The trade was a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,500 shares of company stock valued at $474,145. 6.30% of the stock is currently owned by company insiders.

About C&F Financial

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.