Javier A. Reyes, a director on the City Holding Co. board, made a targeted purchase of the bank holding company’s common stock on April 20, 2026. The acquisition consisted of 103 shares bought at $126.36 each, for a total outlay of $13,015. The purchase was executed pursuant to a Rule 10b5-1 trading plan.
After this transaction, Mr. Reyes directly owns 2,285 shares of City Holding Co. common stock.
At the time of the purchase, the stock was trading near $126 per share and the company had recorded an 8.2% year-to-date return. External analysis from InvestingPro noted that CHCO appeared undervalued at prevailing levels, indicating potential upside for investors according to that service. InvestingPro Tips also state that the $1.81 billion market capitalization company has increased its dividend for 14 consecutive years—one of five tips listed by that subscriber service.
In a separate corporate action, City Holding Company’s board has authorized a share repurchase program. Under the authorization, the company may buy back as many as 1,000,000 common shares, which the company says would represent roughly 7% of its outstanding common stock. City Holding, referred to in company materials as a bank holding company with a valuation cited at $6.7 billion, plans to carry out repurchases through open market transactions.
The company indicated that buybacks would be conducted at price levels intended to enhance earnings per share. Management retains discretion to commence, pause or stop repurchases as it sees fit based on market conditions and business considerations. The repurchase program carries no stated time frame for completion.
Taken together, the insider purchase and the board-authorized repurchase program are discrete developments in the company’s capital allocation and insider activity. The purchase by a director was completed under a pre-established Rule 10b5-1 plan, while the repurchase program gives management flexible authority to repurchase shares opportunistically in the open market.