City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II Purchases 189 Shares

City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II acquired 189 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average price of $97.73 per share, with a total value of $18,470.97. Following the completion of the transaction, the director now directly owns 59,834 shares of the company’s stock, valued at approximately $5,847,576.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

City Trading Up 1.3 %

Shares of CHCO opened at $99.98 on Friday. The firm’s 50 day simple moving average is $101.57 and its 200 day simple moving average is $100.65. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.81. City Holding has a 1-year low of $82.53 and a 1-year high of $115.89.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, January 24th. The bank reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.06). The company had revenue of $86.10 million during the quarter, compared to analysts’ expectations of $72.50 million. City had a net margin of 33.31% and a return on equity of 18.62%. Sell-side analysts forecast that City Holding will post 7.43 earnings per share for the current fiscal year.

City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, April 12th. City’s dividend payout ratio (DPR) is presently 37.58%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of City by 0.4% during the first quarter. Rhumbline Advisers now owns 41,147 shares of the bank’s stock worth $3,238,000 after acquiring an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of City by 3.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,748 shares of the bank’s stock worth $524,000 after purchasing an additional 177 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of City by 25.1% in the third quarter. Lazard Asset Management LLC now owns 896 shares of the bank’s stock worth $80,000 after purchasing an additional 180 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of City by 4.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 4,691 shares of the bank’s stock worth $517,000 after purchasing an additional 190 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of City by 7.6% in the first quarter. Captrust Financial Advisors now owns 2,821 shares of the bank’s stock worth $222,000 after purchasing an additional 200 shares during the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHCO has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of City from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Stephens raised their price objective on shares of City from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th.

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.