DAVENPORT & Co LLC reduces its stock holdings in C&F Financial Co. (NASDAQ:CFFI)

DAVENPORT & Co LLC reduced its holdings of C&F Financial Co. (NASDAQ: CFFI – Get Rating) stock by 3.4% in Q1, Holdings Channel.com reports. The company held 8,232 shares of the financial services provider after selling 291 shares during the period. DAVENPORT & Co LLC’s holdings in C&F Financial were worth $416,000 when it last filed with the SEC.

Elsewhere, Advisor Group Holdings Inc. increased its holdings in C&F Financial by 0.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider worth $2,839,000 after acquiring 400 additional shares in the last quarter. Institutional investors and hedge funds hold 27.58% of the company’s shares.

C&F financial price performance

Shares of the NASDAQ CFFI opened at $45.62 on Wednesday. C&F Financial Co. has a 12-month low of $43.10 and a 12-month high of $55.00. The company has a market capitalization 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 ratio of 0.28.

C&F Financial announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1. Investors of record on Wednesday, June 15 received a dividend of $0.40. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.60 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 in a trade that took place on Thursday, May 5. 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, valued at approximately $593,093.27. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. 6.40% of the shares are held by insiders of the company.

Analyst upgrades and downgrades

Separately, StockNews.com assumed coverage of C&F Financial stocks 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 which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.

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Want to see which other hedge funds hold CFFI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for C&F Financial Co. (NASDAQ:CFFI – Get Rating).

Institutional ownership by quarter for C&F Financial (NASDAQ:CFFI)

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