DAVENPORT & Co LLC Lowers Stock Holdings in C&F Financial Co. (NASDAQ:CFFI)

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DAVENPORT & Co LLC trimmed its holdings in shares of C&F Financial Co. (NASDAQ:CFFIGet Rating) by 3.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,232 shares of the financial services provider’s stock after selling 291 shares during the period. DAVENPORT & Co LLC’s holdings in C&F Financial were worth $416,000 as of its most recent SEC filing.

Separately, Advisor Group Holdings Inc. raised its holdings in C&F Financial by 0.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider’s stock worth $2,839,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 27.58% of the company’s stock.

C&F Financial Price Performance

Shares of NASDAQ CFFI opened at $45.62 on Wednesday. C&F Financial Co. has a twelve month low of $43.10 and a twelve month high of $55.00. The firm has a market cap of $161.31 million, a P/E ratio of 6.22 and a beta of 0.48. The company has a 50 day moving average of $47.85 and a 200 day moving average of $49.97. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.28.

C&F Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.51%. C&F Financial’s payout ratio is currently 21.83%.

Insider Buying and Selling

In other C&F Financial news, Director James H. Hudson III sold 2,200 shares of C&F Financial stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $51.01, for a total value of $112,222.00. Following the completion of the sale, the director now owns 11,627 shares of the company’s stock, valued at approximately $593,093.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of C&F Financial in a report on Sunday. They issued a “buy” rating for the company.

C&F Financial Company Profile

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C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company’s Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans.

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Want to see what other hedge funds are holding CFFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for C&F Financial Co. (NASDAQ:CFFIGet Rating).

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