City Holding (NASDAQ:CHCO) EVP John A. Derito Sells 1,243 Shares

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 stock was sold at an average price of $136.93, for a total value of $170,203.99. Following the transaction, the executive vice president now directly owns 28,757 shares in the company, valued at approximately $3,937,696.01. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

City Stock Down 1.5 %

CHCO opened at $131.91 on Wednesday. The stock has a fifty day moving average of $121.05 and a 200-day moving average of $114.18. The company has a market capitalization of $1.94 billion, a P/E ratio of 17.02 and a beta of 0.46. City Holding has a fifty-two week low of $95.39 and a fifty-two week high of $137.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.10. City had a net margin of 31.18% and a return on equity of 16.60%. The business had revenue of $98.40 million during the quarter, compared to analysts’ expectations of $73.90 million. On average, equities analysts expect that City Holding will post 7.84 EPS for the current year.

City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, January 15th. City’s dividend payout ratio is currently 40.56%.

Hedge Funds Weigh In On City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of City by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 550,985 shares of the bank’s stock worth $58,542,000 after purchasing an additional 10,740 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in City by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 528,529 shares of the bank’s stock worth $62,044,000 after buying an additional 15,910 shares in the last quarter. Geode Capital Management LLC grew its stake in City by 0.3% during the third quarter. Geode Capital Management LLC now owns 355,940 shares of the bank’s stock worth $41,792,000 after buying an additional 1,065 shares in the last quarter. Leeward Investments LLC MA increased its holdings in City by 5.6% in the 2nd 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 during the period. Finally, American Century Companies Inc. lifted its holdings in shares of City by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 87,988 shares of the bank’s stock worth $9,349,000 after acquiring an additional 4,989 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About City

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.