James A. Hoyer, a director at CITY HOLDING CO (), purchased shares of the company’s common stock on July 21, 2026. The transaction involved the acquisition of 95 shares at a price of $134.55 per share, totaling $12,782. The purchase comes as CHCO trades near its 52-week high of $138.18, with the stock delivering a 16.4% return year-to-date. According to InvestingPro analysis, the company appears undervalued at current levels, suggesting potential upside for investors.
The purchase was made pursuant to a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for buying or selling company stock to avoid accusations of insider trading.
Following this transaction, Mr. Hoyer directly owns 702 shares of CITY HOLDING CO common stock. Additionally, he indirectly holds 119 shares through a SEP (Simplified Employee Pension) plan. The company, which trades at a P/E ratio of 14.89 and offers a 2.56% dividend yield, has maintained dividend payments for 25 consecutive years according to InvestingPro Tips. Investors seeking deeper insights can access 8 additional ProTips and comprehensive financial metrics on the platform.
In other recent news, City Holding Company has announced a leadership change at City National Bank of West Virginia. Michael T. Quinlan, Jr. has been appointed as the new president of the bank, effective immediately. Quinlan previously served as the executive vice president of retail banking for both City Holding Company and City National Bank. Meanwhile, Charles R. Hageboeck has transitioned from his role as president of the bank and will continue to serve as the chief executive officer of both the bank and City Holding Company.
Additionally, City Holding Company has expanded its board of directors by electing B. Scott Raynes as a Class II director for a two-year term. This appointment, made during the company’s annual meeting of shareholders, increases the board’s size from 11 to 12 members. Raynes is the president and CEO of Marshall Health Network, which includes three hospitals and a physician group. These developments reflect recent strategic moves by City Holding Company to strengthen its leadership and governance.
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