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Cherry Thomas F, the President and CEO of C & F Financial Corp (NASDAQ:CFFI), recently sold shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The transactions took place over two days, March 4 and March 5, 2025.
On March 4, Cherry sold 179 shares at a price of $78 per share. The following day, an additional 121 shares were sold at $74 per share. These transactions resulted in a total sale value of $22,916. After these sales, Cherry retains ownership of 39,607 shares of C & F Financial Corp.
Investors often monitor such insider transactions as they can provide insights into the executive’s perspective on the company’s stock value. InvestingPro analysis indicates the stock is currently fairly valued, with a P/E ratio of 12x, and notably, the company has maintained dividend payments for 28 consecutive years. For deeper insights into insider trading patterns and valuation metrics, investors can access additional ProTips and comprehensive analysis through InvestingPro.
In other recent news, C&F Financial Corporation announced a new stock repurchase program approved by its Board of Directors. Starting January 1, 2025, the company plans to repurchase up to $5 million of its common stock, with the program set to conclude by December 31, 2025. This initiative allows the company to buy back shares through various methods, including open market purchases and privately negotiated transactions, while adhering to specific trading plans under the Securities Exchange Act of 1934. The management will decide on the timing, volume, and pricing of these repurchases based on market conditions and other factors. The announcement follows the expiration of the company’s previous repurchase program at the end of 2024. This move is part of C&F Financial’s strategy to manage capital effectively and enhance shareholder value. Investors will likely keep a close watch on how this program affects the company’s stock and financial standing.
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