City Holding (NASDAQ:CHCO) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in City Holding (NASDAQ:CHCO) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,659 shares of the bank’s stock after selling 298 shares during the period. Leeward Investments LLC MA owned approximately 0.60% of City worth $10,408,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Westwood Holdings Group Inc. increased its position in shares of City by 5.5% in the first quarter. Westwood Holdings Group Inc. now owns 614,511 shares of the bank’s stock worth $64,044,000 after acquiring an additional 32,069 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in City during the 3rd quarter worth approximately $1,449,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in City during the 1st quarter valued at $1,133,000. Dimensional Fund Advisors LP lifted its holdings in shares of City by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 550,985 shares of the bank’s stock valued at $58,542,000 after purchasing an additional 10,740 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of City by 137.5% in the second quarter. Squarepoint Ops LLC now owns 10,901 shares of the bank’s stock worth $1,158,000 after buying an additional 6,312 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

Insider Transactions at City

In related news, EVP Michael T. Quinlan, Jr. sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $115.62, for a total transaction of $69,372.00. Following the transaction, the executive vice president now owns 2,000 shares of the company’s stock, valued at approximately $231,240. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James L. Rossi sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the transaction, the director now owns 18,233 shares of the company’s stock, valued at approximately $2,096,795. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael T. Quinlan, Jr. sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $115.62, for a total value of $69,372.00. Following the completion of the transaction, the executive vice president now directly owns 2,000 shares in the company, valued at $231,240. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by company insiders.

City Stock Up 12.9 %

NASDAQ:CHCO opened at $133.50 on Thursday. The business’s fifty day moving average price is $117.45 and its 200 day moving average price is $111.71. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.14 and a beta of 0.46. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. City Holding has a 1-year low of $92.76 and a 1-year high of $135.83.

City (NASDAQ:CHCO) last issued its earnings results on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The company had revenue of $98.40 million for the quarter, compared to the consensus estimate of $73.90 million. City had a return on equity of 16.60% and a net margin of 31.18%. On average, sell-side analysts forecast that City Holding will post 7.78 earnings per share for the current fiscal year.

City Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.79 per share. This is a boost from City’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, October 15th. City’s payout ratio is currently 40.56%.

City Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.