In a recent transaction on April 26, Paul C. Robinson, a director of C & F Financial Corp (NASDAQ:CFFI), acquired 1,000 shares of the company's common stock at a price of $39.11 per share, totaling $39,110. This purchase was disclosed in a filing with the Securities and Exchange Commission.
The acquisition of shares by a company insider such as Robinson is often scrutinized by investors as it may indicate the director's confidence in the company's future performance. With this latest transaction, Robinson now holds a total of 18,367 shares in C & F Financial Corp, a Virginia-based state commercial bank.
C & F Financial Corp has not released any official statement regarding this transaction, and it remains one of the many purchases and sales of company stock that occur regularly and are filed with the SEC. Investors and analysts often monitor these filings to get a sense of insider sentiment and potential future movements in a company's stock price.
The purchase by Robinson is a straightforward addition to his stake in the company, reflecting a direct ownership in the shares. The transaction was signed off by Matthew B. Guth, as Attorney-in-Fact, on May 6, according to the SEC filing.
Shareholders and potential investors in C & F Financial Corp can view the full details of the transaction in the SEC Form 4 filing, which provides a record of insider trading activities. The stock trades on the NASDAQ under the ticker symbol CFFI.
InvestingPro Insights
Following the recent insider purchase by director Paul C. Robinson, C & F Financial Corp (NASDAQ:CFFI) has demonstrated several positive signals that could be of interest to shareholders and potential investors. According to InvestingPro, the company has been actively enhancing shareholder value through significant corporate actions.
An InvestingPro Tip highlights that management has been aggressively buying back shares, which can often be interpreted as a sign of confidence in the company's valuation and future prospects. Additionally, CFFI has raised its dividend for 13 consecutive years, showcasing a commitment to providing consistent returns to its shareholders.
From the real-time data provided by InvestingPro, CFFI's market capitalization stands at 145.21M USD, and the stock is trading at a low earnings multiple with a P/E Ratio (Adjusted) of 6.96 as of the last twelve months ending Q1 2024. This valuation point could be particularly attractive to value investors seeking lower-priced stocks relative to earnings. Furthermore, the company has maintained dividend payments for 27 consecutive years, which, coupled with a dividend yield of 4.08%, may appeal to income-focused investors.
For those interested in further analysis and tips, InvestingPro offers additional insights, including a total of 7 InvestingPro Tips for CFFI. To access these tips and make more informed investment decisions, readers can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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