City Holding (NASDAQ:CHCO) EVP Sells $170,203.99 in Stock

City Holding (NASDAQ:CHCO) EVP John A. Derito sold 1,243 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.93, for a total value of $170,203.99. Following the transaction, the executive vice president now owns 28,757 shares of the company’s stock, valued at $3,937,696.01. This represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

City Stock Up 0.2 %

CHCO opened at $132.12 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. City Holding has a 12 month low of $95.39 and a 12 month high of $137.28. The stock’s 50 day moving average price is $121.55 and its 200 day moving average price is $114.48. The stock has a market cap of $1.94 billion, a P/E ratio of 16.96 and a beta of 0.46.

City (NASDAQ:CHCO) last issued its quarterly earnings data 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 business had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%. As a group, research analysts predict that City Holding will post 7.84 earnings per share for the current year.

City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, January 15th. City’s payout ratio is currently 40.56%.

Analyst Ratings Changes

Separately, Piper Sandler restated a “neutral” rating and set a $135.00 price target on shares of City in a research report on Friday, November 8th.

Institutional Trading of City

Hedge funds and other institutional investors have recently modified their holdings of the company. Leeward Investments LLC MA boosted its stake in City by 5.6% during the second quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank’s stock valued at $9,452,000 after buying an additional 4,725 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in City in the 2nd quarter valued at about $483,000. Zhang Financial LLC bought a new position in shares of City during the 2nd quarter valued at about $401,000. Squarepoint Ops LLC raised its holdings in shares of City by 137.5% in the 2nd quarter. Squarepoint Ops LLC now owns 10,901 shares of the bank’s stock worth $1,158,000 after purchasing an additional 6,312 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in City by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,944 shares of the bank’s stock valued at $1,141,000 after purchasing an additional 423 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

City Company 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.