In a recent transaction on July 30, Charles Elis Olsson, a director at C & F Financial Corp (NASDAQ:CFFI), sold 500 shares of the company's common stock. The sale was executed at an average price of $57.01 per share, amounting to a total value of $28,505.
The transaction was disclosed in a filing with the Securities and Exchange Commission. Following the sale, the director's directly owned shares in the company stood at 9,375, while an additional 898 shares are held indirectly in the name of his spouse. It's also noted that the sold shares were previously held by the Sure Olsson Revocable Trust, indicating an indirect ownership.
C & F Financial Corp, based in Virginia, operates within the state commercial banks sector. The company's stock is publicly traded and is followed by investors who track insider transactions as indicators of confidence in the company's prospects.
The transaction signifies a change in the director's stake in the company, which is often closely monitored by the investment community. It's worth noting that insider sales and purchases can be influenced by a variety of factors and may not necessarily reflect the executive's outlook on the company's future performance.
Investors and analysts often look at insider trading patterns for insights into the health of a company and its stock. The details of the transaction, including the number of shares sold and the price per share, provide a snapshot of insider activity that can be a piece of the larger puzzle when evaluating investment decisions.
The filing, signed by Matthew B. Guth as Attorney-in-Fact, confirms the completion of the transaction and complies with the regulatory requirements for reporting insider trades.
InvestingPro Insights
As investors digest the recent insider transaction at C & F Financial Corp (NASDAQ:CFFI), it's valuable to consider the company's financial health and performance metrics provided by InvestingPro. A look at the data reveals that CFFI has a market capitalization of approximately $187.39 million and a Price/Earnings (P/E) ratio of 9.98, which adjusted for the last twelve months as of Q2 2024, is slightly lower at 9.76. This suggests that the stock may be valued reasonably in relation to the company's earnings.
Moreover, CFFI has demonstrated a strong commitment to shareholder returns, as evidenced by two notable InvestingPro Tips: the company has raised its dividend for 13 consecutive years and has maintained dividend payments for 27 consecutive years. This consistent dividend history may be particularly attractive to income-focused investors. Additionally, the stock has shown a strong return over the last month, with a 31.72% price total return, and an impressive 49.17% over the last three months, highlighting a recent uptrend in the stock's performance.
While the company has been profitable over the last twelve months, it's important to note that it suffers from weak gross profit margins, which could be a point of concern for potential investors. However, the company's dedication to dividends may reflect a stable financial position and a management confident in the company's cash flow.
To gain a deeper understanding of C & F Financial Corp's financials and to access additional InvestingPro Tips, investors can visit the dedicated page at https://www.investing.com/pro/CFFI. There are currently 5 more tips listed on InvestingPro, offering further insights into the company's performance and prospects.
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