Insider Selling: City Holding (NASDAQ:CHCO) Director Sells 500 Shares of Stock

City Holding (NASDAQ:CHCO) Director Charles W. Fairchilds sold 500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $120.50, for a total transaction of $60,250.00. Following the transaction, the director now owns 1,014 shares in the company, valued at approximately $122,187. This trade represents a 33.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

City Trading Down 1.2 %

NASDAQ:CHCO traded down $1.46 during trading hours on Friday, reaching $118.85. The company’s stock had a trading volume of 29,890 shares, compared to its average volume of 58,875. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 15.06 and a beta of 0.51. The firm has a 50-day simple moving average of $121.80 and a 200-day simple moving average of $120.29. City Holding has a 1 year low of $97.50 and a 1 year high of $137.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82.

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

City Dividend Announcement

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

Institutional Investors Weigh In On City

A number of large investors have recently modified their holdings of CHCO. Charles Schwab Investment Management Inc. boosted its stake in City by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank’s stock worth $65,253,000 after acquiring an additional 22,226 shares in the last quarter. Barclays PLC lifted its stake in shares of City by 125.3% in the third 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. Nicholson Wealth Management Group LLC bought a new position in shares of City in the third quarter worth approximately $1,449,000. Jane Street Group LLC lifted its stake in shares of City by 66.6% in the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock worth $2,937,000 after buying an additional 9,999 shares in the last quarter. Finally, Polaris Capital Management LLC lifted its stake in shares of City by 71.6% in the fourth quarter. Polaris Capital Management LLC now owns 13,895 shares of the bank’s stock worth $1,646,000 after buying an additional 5,800 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

Analyst Ratings Changes

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

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.