CFFI
C&F Financial CorporationFinancial Services·Banks - Regional
$73.75
$240M market cap
Revenue
$95.4M
Free Cash Flow
$-6.8M
Rev Growth
+0.0%
FCF Margin
-7.1%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. It also provides ATMs, Internet and mobile banking, and debit and credit cards, as well as safe deposit box rentals, notary public, electronic
2-Year Price History
$72.17+69.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 47.7 | 8.3 | 8.3 | 6.8 | -7.6 | -7.9 | -0.3 | 428.9 | 103.3 | 3.3 | 14.3% | 0.7x | -- |
| Act | 2025-Q4 | 47.7 | 8.1 | 8.1 | 6.7 | 2.2 | 1.1 | -1.1 | 406.4 | 113.3 | 3.2 | 13.5% | 0.7x | -- |
Valuation & Metrics
Market Stats
Price$73.75
Market Cap$240M
Enterprise Value$-86M
P/S Ratio2.5x
P/FCF--
EV/FCF--
FCF Margin (TTM)-7.1%
FCF Yield-2.8%
Dividend Yield (TTM)2.5%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$95.4M
Net Income$13.4M
Free Cash Flow$-6.8M
Revenue Growth (YoY)+0.0%
EBITDA Margin17.2%
Net Margin14.1%
FCF Margin-7.1%
CapEx % of Revenue1.5%
SBC % of Revenue0.0%
ROIC13.9%
WC Change % Rev0.9%
Interest Coverage0.7x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover8.7
Change (vs Prior)-7.0%
Need at least 2 settlement dates for chart
Employees
Headcount545
Revenue / Employee$175,015
Gross Profit / Employee$119,253
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
19.6%(-1.7% YoY)
72 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
20.6%(+9.1% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-2.3% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LPPassive | $13.4M | $51.28 | +$30K | −$89K | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $12.9M | $61.39 | +$260K | +$11.5M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $9.9M | $72.94 | +$9.9M | +$9.9M | — | $4.04T |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $7.4M | $43.27 | −$118K | −$357K | -0.2% | $113.45B |
| RENAISSANCE TECHNOLOGIES LLC | $5.9M | $51.65 | −$270K | −$174K | +1.2% | $63.91B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $5.2M | $55.27 | −$77K | +$2.7M | +2.3% | $1.61T |
| Huber Capital Management LLC | $4.4M | $49.17 | +$0 | −$61K | -0.3% | $647M |
| STATE STREET CORPPassive | $3.2M | $57.08 | +$55K | +$2.2M | -0.2% | $2.89T |
| AMERICAN CENTURY COMPANIES INC | $3.1M | $63.11 | −$6K | +$775K | +0.7% | $193.48B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2.8M | $53.18 | +$0 | +$232K | -2.3% | $4.93B |
| LSV ASSET MANAGEMENT | $2.5M | $65.58 | −$73K | −$423K | +0.0% | $46.40B |
| BB&T CORP | $2.2M | $41.13 | +$0 | +$0 | -0.2% | $73.72B |
| NORTHERN TRUST CORPPassive | $1.9M | $54.90 | +$81K | +$1.1M | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $1.5M | $72.94 | +$1.5M | +$1.5M | — | $395.83B |
| WELLS FARGO & COMPANY/MN | $1.4M | $58.85 | −$180K | +$63K | -0.2% | $497.71B |
| Empowered Funds, LLC | $1.3M | $54.31 | +$0 | +$232K | +0.2% | $15.64B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $1.3M | $72.94 | +$1.3M | +$1.3M | — | $1.91T |
| RAYMOND JAMES FINANCIAL INC | $1.2M | $65.57 | +$154K | −$228K | -0.0% | $322.69B |
| FIRST MANHATTAN CO | $1.2M | $46.01 | +$0 | +$0 | -0.2% | $36.06B |
| Siena Capital Partners GP, LLC | $904K | $72.47 | +$402K | +$904K | -0.4% | $385M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.03%
avg per quarter
Holders (ex-self)
-0.03%
excl. this stock
Buyers (this Q)
+0.98%
28 buyers · $0.01B in
Sellers (this Q)
+0.08%
26 sellers · $0.00B out
alpha coverage: 87% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+0.4%
how holders react when this stock falls
On quiet Qs
-5.5%
−10% to +10% baseline
On rallies (+10%+)
+0.1%
how they react when this stock rises
Holders' portfolio flow this Q
+0.7%
inflows — adds are organic
Sellers' portfolio flow this Q
+4.1%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.9%
Holder mid (any stock)
-3.9%
Holder rally (any stock)
-4.6%
Biggest decreases this quarter
RENAISSANCE TECHNOLOGIES LLC−$270Kα+1.2JANE STREET GROUP, LLCexited−$253KWELLS FARGO & COMPANY/MN−$180Kα-0.2MANUFACTURERS LIFE INSURANCE COMPANY, THE−$118Kα-0.2SummerHaven Investment Management, LLC−$103Kα-0.6GEODE CAPITAL MANAGEMENT, LLC−$77Kα+2.3LSV ASSET MANAGEMENT−$73Kα+0.0AMALGAMATED BANKexited−$7KAMERICAN CENTURY COMPANIES INC−$6Kα+0.7WealthCollab, LLCexited−$1K
New buyers this quarter
Top-5 holders · 51.4%
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
MANUFACTURERS LIFE INSURANCE COMPANY, THE--
RENAISSANCE TECHNOLOGIES LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
MANUFACTURERS LIFE INSURANCE COMPANY, THE102KRENAISSANCE TECHNOLOGIES LLC81KTruffle Hound Capital, LLC—Ategra Capital Management, LLC7KHuber Capital Management LLC60KMILLENNIUM MANAGEMENT LLC—ADVISOR GROUP HOLDINGS, INC.1KAMERICAN CENTURY COMPANIES INC43KBRIDGEWAY CAPITAL MANAGEMENT, LLC39KLSV ASSET MANAGEMENT35K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$170K
4 txns · 3 insiders · 2,377 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-13 | SELL | Kelley Elizabeth R | director | 1,025 | $73.00 | $75K | $294K |
| 2026-02-26 | SELL | CHERRY THOMAS F | director, officer: PRESIDENT & CEO | 11 | $78.25 | $861 | $3.34M |
| 2025-08-22 | SELL | CHERRY THOMAS F | director, officer: PRESIDENT & CEO | 1,205 | $71.00 | $86K | $2.73M |
| 2025-05-29 | SELL | PEAY D ANTHONY | director | 136 | $66.94 | $9K | $122K |
Order Flow (FINRA, ~3w lag)
25.5%retail+0.3pp
9.6%dark+3.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
C & F Financial Corporation: Aggressive Provisioning Masks Credit Deterioration
Overall Risk
4/10
Fraud
3/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
5/10
Hidden Liabilities
2/10
Legal
2/10
Audit Warnings
1/10
Hidden Upside
6/10
Contextually Acceptable
8/10