BlackRock Discloses 9.0% Stake in C&F Financial Corp
Ticker: CFFI · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 913341
| Field | Detail |
|---|---|
| Company | C & F Financial Corp (CFFI) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a 9.0% stake in C&F Financial, a big vote of confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 29, 2024, disclosing its ownership of 306,470 shares of C & F FINANCIAL CORP (CFFI) Common Stock as of December 31, 2023. This represents 9.0% of the company's outstanding shares. This matters to investors because BlackRock's significant stake indicates their confidence in CFFI, but also means a large institutional holder could influence the stock price with future buying or selling activity.
Why It Matters
BlackRock's substantial ownership in C&F Financial Corp signals institutional interest and could provide a level of stability or influence on future corporate decisions.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by showing institutional backing.
Analyst Insight
Investors should note BlackRock's significant stake as a potential indicator of long-term value, but also monitor any future filings for changes in their position, which could impact stock performance.
Key Numbers
- 306,470 — Shares Owned (BlackRock's total beneficial ownership in C & F FINANCIAL CORP)
- 9.0% — Ownership Percentage (BlackRock's stake in C & F FINANCIAL CORP's Common Stock)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, investment firm
- C & F FINANCIAL CORP (company) — subject company, issuer of securities
- 306,470 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 9.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (dollar_amount) — date of event requiring the filing
Forward-Looking Statements
- BlackRock will maintain its passive investment in C & F FINANCIAL CORP. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by BlackRock Inc., as indicated in the 'FILED BY' section and on the cover page of the filing.
What company is the subject of this filing?
The subject company of this filing is C & F FINANCIAL CORP, as stated under 'SUBJECT COMPANY' and 'Name of Issuer' on the Schedule 13G.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of C & F FINANCIAL CORP is 12466Q104, as listed on the Schedule 13G cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox on the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding C & F FINANCIAL CORP (CFFI).