John Derito, Executive Vice President of Commercial Banking at City Holding Co (CHCO, Financial), executed a sale of 1,369 shares of the company on November 11, 2024. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 30,000 shares of the company.
City Holding Co, headquartered in Charleston, West Virginia, operates as the bank holding company for City National Bank of West Virginia. It provides various banking, trust and investment management, and other financial solutions in the United States.
Over the past year, John Derito has sold a total of 6,927 shares and has not made any purchases. The recent sale is part of a broader trend observed within the company, where there have been 20 insider sells and 21 insider buys over the past year.
On the date of the latest transaction, shares of City Holding Co were priced at $135.26, resulting in a market cap of approximately $1.96 billion. The company's price-earnings ratio stands at 17.16, which is above both the industry median of 10.84 and the historical median for the company.
According to the GF Value, the intrinsic value estimate for City Holding Co is $110.15 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.23.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
