The EVP & CFO of City Holding Company is Exercising Options


Today it was reported that the EVP & CFO of City Holding Company (CHCO), David Bumgarner, exercised options to buy 1,690 CHCO shares at $44.52 a share, for a total transaction value of $75.25K.

Following this transaction David Bumgarner’s holding in the company was increased by 16.23% to a total of $985.1K. This is Bumgarner’s first Buy trade following 3 Sell transactions.

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Based on City Holding Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $67.7 million and quarterly net profit of $22.55 million. In comparison, last year the company earned revenue of $54.09 million and had a net profit of $20.77 million. The company has a one-year high of $83.27 and a one-year low of $65.32. Currently, City Holding Company has an average volume of 53.88K.

In the last 30 days, insiders have sold $278.9K worth of CHCO shares and purchased $160.9K worth of CHCO shares. The insider sentiment on City Holding Company has been neutral according to 42 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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City Holding Co. is a financial holding company, which engages in the provision of financial and community banking services. It offers savings and checking accounts, credit and debit cards, loans, online and mobile banking, commercial and mortgage loans, trust services, and wealth management services.

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