Charles W. Fairchilds, a director at City Holding Co (NASDAQ:CHCO), has sold shares worth approximately $58,700, according to a recent SEC filing. The transactions, which took place on November 5, involved the sale of 500 shares of common stock at prices ranging from $117.25 to $117.50 per share. Following these sales, Fairchilds continues to hold 7,674.41 shares directly, with an additional 2,014 shares held indirectly through his SEP IRA.
InvestingPro Insights
As City Holding Co (NASDAQ:CHCO) director Charles W. Fairchilds reduces his stake, investors may find value in examining the company's financial health and market position. According to InvestingPro data, City Holding Co boasts a market capitalization of $1.74 billion and a price-to-earnings ratio of 15.08, suggesting a relatively modest valuation compared to industry peers.
The company's dividend policy stands out as a particularly attractive feature for income-focused investors. InvestingPro Tips highlight 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 further underscored by a current dividend yield of 2.74% and a robust dividend growth rate of 10.49% over the last twelve months.
Despite Fairchilds' recent share sale, City Holding Co's financial performance remains solid. The company's revenue for the last twelve months stood at $289.55 million, with an impressive operating income margin of 52.67%. This strong profitability is reflected in the InvestingPro Tip that analysts predict the company will remain profitable this year.
For investors seeking a deeper understanding of City Holding Co's potential, InvestingPro offers 6 additional tips, providing a more comprehensive analysis of the company's prospects and challenges.
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