Sharon H. Rowe, a director at City Holding Co (NASDAQ:CHCO), recently sold 470 shares of the company's common stock. The shares were sold at an average price of $128.65, totaling approximately $60,464. Following this transaction, Rowe now holds 11,045 shares directly. This activity was disclosed in a regulatory filing with the Securities and Exchange Commission.
InvestingPro Insights
While Sharon H. Rowe's recent sale of City Holding Co (NASDAQ:CHCO) shares has caught investors' attention, it's important to consider the broader financial picture of the company. According to InvestingPro data, City Holding Co boasts a market capitalization of $1.96 billion and a P/E ratio of 17.13, suggesting a relatively reasonable valuation compared to industry peers.
InvestingPro Tips highlight that City Holding Co has raised its dividend for 13 consecutive years, demonstrating a strong commitment to shareholder returns. This is further underscored by the company's dividend yield of 2.35% and an impressive dividend growth rate of 10.49% over the last twelve months. Such consistent dividend performance may provide some context for why directors like Rowe might adjust their holdings while maintaining a substantial position in the company.
The stock's recent performance has been particularly noteworthy, with InvestingPro data showing a 21.45% price total return over the past three months and a significant 47.24% return over the past year. This strong momentum is reflected in the fact that CHCO is trading near its 52-week high, at 97.97% of that peak.
For investors seeking a deeper understanding of City Holding Co's financial health and future prospects, InvestingPro offers 11 additional tips, providing a comprehensive analysis to inform investment decisions.
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