Cherry Thomas, the President and CEO of C & F Financial Corp (NASDAQ:CFFI), recently sold 731 shares of the company's common stock. The shares were sold at a price of $78 each, amounting to a total transaction value of $57,018. Following this sale, Thomas holds 38,328 shares directly. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, reflecting activity on December 9, 2024. The $253 million market cap company maintains a solid 2.25% dividend yield and has consistently paid dividends for 27 consecutive years. InvestingPro subscribers can access 8 additional key insights about CFFI's financial health and valuation metrics.
In other recent news, C&F Financial Corporation disclosed the impending retirement of Bryan McKernon, President and CEO of its subsidiary, C&F Mortgage Corporation. McKernon will relinquish his executive role by the end of this month, as reported in an 8-K filing with the Securities and Exchange Commission. Despite stepping down from his current position, he will continue to serve the company as the Executive Vice Chairman of the Board of Directors of C&F Mortgage until the end of 2025. Furthermore, McKernon will remain 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 role, with details regarding the transition plan expected to be disclosed later. These are part of the recent developments within C&F Financial Corporation.
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