In a recent transaction, Cherry Thomas F, the President and CEO of C & F Financial Corp (NASDAQ:CFFI), sold 2,000 shares of the company's common stock. The shares were sold at a price of $70 each, bringing the total transaction value to $140,000. Following this sale, Cherry continues to hold 39,059 shares directly. This transaction was disclosed in a filing with the Securities and Exchange Commission.
InvestingPro Insights
As C & F Financial Corp (NASDAQ:CFFI) experiences insider selling activity, it's worth noting some key financial metrics and trends that provide additional context to this development. According to InvestingPro data, CFFI's market capitalization stands at $225.21 million, with a price-to-earnings ratio of 12.3, indicating a relatively modest valuation compared to industry peers.
The company's stock has shown remarkable performance recently, with InvestingPro Tips highlighting significant returns over various timeframes. Notably, CFFI has seen a 12.99% return in the past week, a 20.77% return over the last month, and an impressive 71.46% return over the past six months. This strong momentum has pushed the stock to trade near its 52-week high, with the current price at 96.71% of that peak.
Despite the recent insider sale, CFFI boasts a solid dividend history. An InvestingPro Tip reveals that the company has raised its dividend for 13 consecutive years and has maintained dividend payments for 27 consecutive years. With a current dividend yield of 2.49%, CFFI continues to offer value to income-focused investors.
It's important to note that while the stock's recent performance has been strong, the RSI suggests it may be in overbought territory, according to another InvestingPro Tip. This could indicate that the stock might be due for a short-term pullback or consolidation.
For investors seeking a more comprehensive analysis, InvestingPro offers 10 additional tips for CFFI, providing a deeper understanding of the company's financial health and market position.
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