David Bumgarner Sells 1,161 Shares of City (NASDAQ:CHCO) Stock

Posted by Brenda Bartman on May 28th, 2026

City Holding Company (NASDAQ:CHCO – Get Free Report) CFO David Bumgarner sold 1,161 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $124.50, for a total transaction of $144,544.50. Following the transaction, the chief financial officer directly owned 10,666 shares of the company’s stock, valued at $1,327,917. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

City Stock Performance

Shares of CHCO stock opened at $124.52 on Thursday. City Holding Company has a 12 month low of $113.21 and a 12 month high of $133.59. The company’s fifty day simple moving average is $122.96 and its 200-day simple moving average is $122.70. The firm has a market cap of $1.76 billion, a PE ratio of 13.71 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19.

City (NASDAQ:CHCO – Get Free Report) last released its earnings results on Thursday, April 23rd. The bank reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.03. City had a net margin of 32.72% and a return on equity of 16.58%. The business had revenue of $79.25 million during the quarter, compared to the consensus estimate of $79.25 million. Equities research analysts expect that City Holding Company will post 8.99 EPS for the current fiscal year.

City Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were issued a $0.87 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. City’s dividend payout ratio (DPR) is presently 38.33%.

City declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 25th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On City

A number of institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in City by 4.2% during the fourth quarter. Apollon Wealth Management LLC now owns 1,996 shares of the bank’s stock worth $238,000 after purchasing an additional 81 shares during the period. ProShare Advisors LLC increased its position in City by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 2,740 shares of the bank’s stock worth $327,000 after buying an additional 81 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in City by 28.4% in the second quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock valued at $61,000 after buying an additional 110 shares during the period. R Squared Ltd lifted its position in shares of City by 6.6% in the fourth quarter. R Squared Ltd now owns 2,135 shares of the bank’s stock valued at $254,000 after buying an additional 132 shares during the last quarter. Finally, First Horizon Corp lifted its position in shares of City by 146.0% in the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after buying an additional 146 shares during the last quarter. 72.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group increased their price target on City from $133.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $134.25.

Get Our Latest Stock Report on CHCO

City Company Profile

(Get Free Report)

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.