Insider Selling: City Holding CEO Unloads 11,778 Shares of Stock (CHCO)
City Holding (NASDAQ:CHCO) CEO Charles Hageboeck unloaded 11,778 shares of the stock on the open market in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $46.54, for a total transaction of $548,148.12. Following the transaction, the chief executive officer now directly owns 56,700 shares in the company, valued at approximately $2,638,818. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
City Holding (NASDAQ:CHCO) traded down 0.19% during mid-day trading on Wednesday, hitting $46.69. 8,105 shares of the company’s stock traded hands. City Holding has a 52-week low of $31.27 and a 52-week high of $46.75. The stock’s 50-day moving average is $43.27 and its 200-day moving average is $40.46. The company has a market cap of $734.4 million and a P/E ratio of 15.91.
City Holding (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.10. Analysts expect that City Holding will post $2.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 10th.
City Holding Company is a bank holding company. The Company conducts its principal activities through its wholly owned subsidiary, City National Bank of West Virginia (NASDAQ:CHCO).
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