John A. Seaman III, the Executive Vice President and Chief Credit Officer at C & F Financial Corp (NASDAQ:CFFI), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Seaman sold 2,500 shares of common stock on November 22, 2024. The shares were sold at a weighted average price of $74.05, with prices ranging from $74.00 to $74.74 per share, resulting in a total transaction value of approximately $185,125.
Following this transaction, Seaman retains ownership of 4,494 shares in C & F Financial Corp. The sale was conducted as a direct transaction, reflecting his personal stake in the company.
InvestingPro Insights
The recent sale by John A. Seaman III comes at a time when C & F Financial Corp (NASDAQ:CFFI) is experiencing strong market performance. According to InvestingPro data, the company's stock has shown impressive returns, with a 31.22% price total return over the last three months and a substantial 75.06% return over the past six months. This upward trend is further emphasized by the stock trading near its 52-week high, with the current price at 98.65% of its peak.
Despite the recent sale by the Executive Vice President, C & F Financial Corp maintains a solid financial foundation. The company boasts a market capitalization of $247.78 million and a P/E ratio of 13.61, suggesting a reasonable valuation relative to its earnings. Additionally, CFFI has demonstrated its commitment to shareholder returns, with an InvestingPro Tip highlighting that the company has raised its dividend for 13 consecutive years and maintained dividend payments for 27 consecutive years. The current dividend yield stands at 2.29%, providing a steady income stream for investors.
However, potential investors should note that the company faces some challenges. An InvestingPro Tip indicates that CFFI suffers from weak gross profit margins, which could impact long-term profitability. This insight, along with seven other tips available on InvestingPro, offers a more comprehensive view of the company's financial health and market position.
For readers seeking a deeper analysis, InvestingPro offers additional insights and tips that could prove valuable in understanding C & F Financial Corp's full financial picture and market potential.
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