C&F Financial Corp (CFFI) has reached an all-time high, with its stock price soaring to $79.1, marking a significant milestone for the company. This peak reflects a robust year-over-year growth, with InvestingPro data showing an even more impressive 31.63% return over the past year and a remarkable 75.16% surge in the last six months. Investors have shown increased confidence in CFFI's performance and future prospects, contributing to the stock's remarkable ascent to this record level. The company's strategic initiatives and strong financial results, including its 27-year track record of consistent dividend payments, have played a key role in driving the stock to its current all-time high, signaling a positive outlook for CFFI's continued success in the market.
In other recent news, C&F Financial Corporation announced the retirement of Bryan McKernon, President and CEO of its subsidiary, C&F Mortgage Corporation. McKernon is set to step down from his executive role by the end of this month, as disclosed in an 8-K filing with the Securities and Exchange Commission. Despite his retirement, McKernon will remain involved with the company, serving as the Executive Vice Chairman of the Board of Directors of C&F Mortgage through the end of 2025. He will also maintain a position on the Board of Directors of Citizens and Farmers Bank, another subsidiary of C&F Financial Corporation. The company has yet to announce a successor for McKernon's position as President and CEO of C&F Mortgage. Further details regarding the transition plan are anticipated to be released in due course. These developments are part of the latest updates from C&F Financial Corporation.
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