City Holding (NASDAQ:CHCO) Director Charles W. Fairchilds Sells 500 Shares

City Holding (NASDAQ:CHCO) Director Charles W. Fairchilds sold 500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total value of $60,250.00. Following the transaction, the director now directly owns 1,014 shares in the company, valued at approximately $122,187. This represents a 33.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

City Trading Down 1.2 %

Shares of NASDAQ CHCO opened at $118.90 on Friday. City Holding has a 12-month low of $97.50 and a 12-month high of $137.28. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 15.07 and a beta of 0.51. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $121.55 and its 200 day simple moving average is $120.27.

City (NASDAQ:CHCO) last posted its earnings results on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. Equities research analysts expect that City Holding will post 7.53 EPS for the current year.

City Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, January 15th. City’s payout ratio is 40.05%.

Institutional Investors Weigh In On City

Several large investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in City by 125.3% in the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank’s stock worth $3,385,000 after buying an additional 16,044 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of City by 4.5% during the third quarter. Franklin Resources Inc. now owns 9,362 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 404 shares during the period. Jane Street Group LLC increased its holdings in shares of City by 66.6% during the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock valued at $2,937,000 after purchasing an additional 9,999 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in City by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 528,529 shares of the bank’s stock worth $62,044,000 after purchasing an additional 15,910 shares during the period. Finally, Geode Capital Management LLC grew its position in City by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 355,940 shares of the bank’s stock valued at $41,792,000 after buying an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 72.43% of the company’s stock.

Analyst Upgrades and Downgrades

CHCO has been the topic of several research analyst reports. Piper Sandler reduced their price objective on City from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of City from $120.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.