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

City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II bought 189 shares of City stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $97.73 per share, for a total transaction of $18,470.97. Following the purchase, the director now owns 59,834 shares of the company’s stock, valued at $5,847,576.82. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

City Price Performance

CHCO opened at $99.98 on Friday. City Holding has a 12-month low of $82.53 and a 12-month high of $115.89. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business’s fifty 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 price-to-earnings ratio of 13.14 and a beta of 0.51.

City (NASDAQ:CHCO) last issued its quarterly earnings data 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). City had a net margin of 33.31% and a return on equity of 18.62%. The company had revenue of $86.10 million for the quarter, compared to the consensus estimate of $72.50 million. On average, equities research analysts anticipate that City Holding will post 7.43 earnings per share for the current fiscal year.

City Dividend Announcement

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

Institutional Investors Weigh In On City

A number of institutional investors and hedge funds have recently modified their holdings of CHCO. Envestnet Asset Management Inc. lifted its holdings in shares of City by 10.4% during the first quarter. Envestnet Asset Management Inc. now owns 4,818 shares of the bank’s stock worth $379,000 after purchasing an additional 454 shares during the period. Advisor Group Holdings Inc. lifted its holdings in City by 80.4% in the first quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank’s stock valued at $52,000 after acquiring an additional 292 shares during the period. Citigroup Inc. lifted its holdings in City by 11.4% in the first quarter. Citigroup Inc. now owns 13,392 shares of the bank’s stock valued at $1,054,000 after acquiring an additional 1,369 shares during the period. Bank of Montreal Can lifted its holdings in City by 201.2% in the first quarter. Bank of Montreal Can now owns 11,791 shares of the bank’s stock valued at $942,000 after acquiring an additional 7,876 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in City by 55.8% in the first quarter. MetLife Investment Management LLC now owns 7,410 shares of the bank’s stock valued at $583,000 after acquiring an additional 2,653 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler increased their target price on City from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Stephens increased their target price on City from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th.

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.