City Holding Co (NASDAQ:CHCO) director Kayser C. Dallas recently sold a substantial portion of his holdings in the company. According to the latest SEC filing, Dallas sold a total of 1,784 shares of common stock on November 6, 2024. The shares were sold at prices ranging from $133.3235 to $133.3577 per share, totaling approximately $237,860.
Following these transactions, Dallas now directly owns 23,636.853 shares in the company. Additionally, there are 390.7397 shares held indirectly by his spouse, Lee Anne, as part of a dividend reinvestment plan.
InvestingPro Insights
City Holding Co (NASDAQ:CHCO) has been demonstrating strong financial performance, which may provide context for the recent insider sale by director Kayser C. Dallas. According to InvestingPro data, the company's stock has shown significant momentum, with a 14.49% return over the past week and a 17.55% return over the last month. This upward trend extends to a 27.91% return over the past six months, indicating sustained investor confidence.
The company's financial health is further underscored by its dividend policy. An InvestingPro Tip reveals that City Holding Co has raised its dividend for 13 consecutive years and has maintained dividend payments for 23 consecutive years. This commitment to shareholder returns is reflected in the current dividend yield of 2.37% and a robust dividend growth rate of 10.49% over the last twelve months.
From a valuation perspective, City Holding Co trades at a P/E ratio of 16.74, which is relatively moderate for the banking sector. The company's market capitalization stands at $1.92 billion, positioning it as a mid-cap player in the regional banking space.
These insights from InvestingPro provide a broader context for understanding the company's performance and potential reasons behind insider trading activities. For investors seeking a more comprehensive analysis, InvestingPro offers 10 additional tips for City Holding Co, which could provide further depth to investment decisions.
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