Jason E. Long, the Executive Vice President and Chief Financial Officer of C & F Financial Corp (NASDAQ:CFFI), recently sold 600 shares of the company's common stock. The shares were sold at a price of $78.71 each, totaling approximately $47,225. Following this transaction, Long retains ownership of 9,600 shares in the company.
InvestingPro Insights
As C & F Financial Corp (NASDAQ:CFFI) experiences insider selling, it's worth noting some key financial metrics and trends that provide context to this transaction. According to InvestingPro data, CFFI has a market capitalization of $242.62 million and trades at a price-to-earnings ratio of 13.29, suggesting a relatively modest valuation compared to some peers in the financial sector.
The company's stock has shown impressive momentum recently, with InvestingPro Tips highlighting strong returns over the last month and three months. In fact, CFFI has seen a remarkable 79.87% price total return over the past six months, indicating significant investor interest.
Despite the recent insider sale, CFFI boasts a solid dividend history. An InvestingPro Tip reveals that the company has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns. The current dividend yield stands at 2.23%, which may be attractive to income-focused investors.
It's important to note that while the company has shown strong recent performance, it faces challenges. An InvestingPro Tip points out that CFFI suffers from weak gross profit margins, which could be a concern for long-term profitability.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights with 7 more tips available for CFFI, providing a deeper understanding of the company's financial health and prospects.
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