Director James M. Parsons purchases 100 shares of CHCO at $121.60, his third open-market buy in 36 months while stock trades below 52-week highs.
James M. Parsons, a director at City Holding Co., purchased 100 shares at $121.60, adding modestly to his existing position. The stock currently trades well below its 52-week high, having declined over the past month and quarter, suggesting Parsons is buying into a period of weakness. This represents his third open-market purchase in the past three years, establishing a consistent pattern of share accumulation at the company. His prior purchases at this ticker have shown mixed timing: one gained significantly over the following quarter while the other declined modestly, indicating his past buying decisions have not reliably preceded gains. City Holding Co. remains a profitable company with stable fundamentals, though the near-term stock performance offers the context in which this purchase occurs—buying lower prices rather than at peaks is typically a more conservative posture for an insider.