Insider Sell: EVP John Derito Sells Shares of City Holding Co (CHCO)
John Derito, EVP, Commercial Banking at City Holding Co, executed a sale of 1,309 shares in the company on February 23, 2024, according to a recent SEC Filing. The transaction was made public through an SEC filing, which provides a window into insider transactions at the firm.
City Holding Co, the parent company of City National Bank, operates as a financial holding company. The company provides various banking, trust and investment management, and other financial solutions to individual and corporate clients through its subsidiary. Its services include credit, deposit, and investment advisory products and services.
Over the past year, the insider has sold a total of 1,309 shares and has not made any purchases of the company's stock, indicating a trend of selling rather than buying by the insider.
The insider transaction history for City Holding Co shows a balanced number of insider transactions over the past year, with 7 insider buys and 7 insider sells recorded.
On the date of the insider's recent transaction, shares of City Holding Co were trading at $101.25, giving the company a market capitalization of $1.492 billion.
The stock's price-earnings ratio stands at 13.22, which is above the industry median of 9.29 but below the company's historical median price-earnings ratio.
With the current share price of $101.25 and a GuruFocus Value of $109.98, City Holding Co's price-to-GF-Value ratio is 0.92, suggesting that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
