Caterpillar bids for Australia’s RPMGlobal- AFR
David L. Bumgarner, the Executive Vice President and Chief Financial Officer of City Holding Co (NASDAQ:CHCO), a $1.76 billion market cap financial institution with a solid InvestingPro Financial Health score of GOOD, recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Bumgarner sold 170 shares of common stock on February 28, 2025, at a price of $119 per share, amounting to a total transaction value of $20,230. The stock, which trades at a P/E ratio of 15.2 and offers a 2.66% dividend yield, has maintained dividend payments for 24 consecutive years with 13 years of consecutive raises.
Following this transaction, Bumgarner holds 11,693.65 shares directly. Additionally, he maintains indirect ownership of 115 shares through an IRA and 2,955.7772 shares through the company’s 401(k) Plan and Trust. The filing also indicated his holdings in restricted stock units, which are set to vest over the coming years. Unlock 8 additional InvestingPro Tips and comprehensive financial metrics to make more informed investment decisions.
In other recent news, City Holding reported fourth-quarter earnings that exceeded analyst expectations, primarily driven by lower expenses and provisions for credit losses. The company’s core earnings per share (EPS) reached $2.11, surpassing both Piper Sandler’s estimate by $0.15 and the consensus among Wall Street analysts by $0.19. Despite this positive performance, Piper Sandler adjusted its price target for City Holding to $125 from $135 while maintaining a Neutral rating. Meanwhile, Keefe, Bruyette & Woods reiterated a Market Perform rating with a steady price target of $130, noting mixed outcomes in the company’s recent performance, including a slight decline in Net Interest Margin (NIM) to 3.75%.
Additionally, City Holding Company announced the passing of long-serving director Tracy W. Hylton II after a long illness. Mr. Hylton’s contributions to the company included pivotal roles in mergers and management restructuring, significantly impacting the company’s success. In his memory, City Holding Company has donated $15,000 to a scholarship fund he established, benefiting students from coal-producing counties in southern West Virginia. These developments highlight City Holding’s ongoing financial performance and its commitment to honoring the legacy of its influential board members.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.