City Holding (NASDAQ:CHCO) Director Sells $237,860.72 in Stock

City Holding (NASDAQ:CHCO) Director C Dallas Kayser sold 1,784 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total transaction of $237,860.72. Following the completion of the sale, the director now owns 23,637 shares of the company’s stock, valued at $3,151,521.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

City Price Performance

NASDAQ:CHCO opened at $130.77 on Friday. The stock has a market cap of $1.92 billion, a P/E ratio of 16.79 and a beta of 0.46. City Holding has a one year low of $92.76 and a one year high of $135.83. The company has a fifty day moving average price of $117.91 and a 200 day moving average price of $112.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.80.

City (NASDAQ:CHCO) last released its earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, beating the consensus estimate of $1.92 by $0.10. The firm had revenue of $98.40 million during 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%. Analysts anticipate that City Holding will post 7.81 earnings per share for the current year.

City Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, October 15th. This is a positive change from City’s previous quarterly dividend of $0.72. City’s payout ratio is 40.56%.

Institutional Investors Weigh In On City

Institutional investors and hedge funds have recently bought and sold shares of the business. Leeward Investments LLC MA grew its holdings in shares of City by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank’s stock worth $9,452,000 after purchasing an additional 4,725 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of City in the 2nd quarter worth about $483,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of City in the 1st quarter worth about $1,133,000. Zhang Financial LLC bought a new stake in shares of City in the 2nd quarter worth about $401,000. Finally, Squarepoint Ops LLC grew 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 during the last quarter. Institutional investors own 72.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler restated a “neutral” rating and issued a $135.00 price objective on shares of City in a research note on Friday.

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.