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

City Holding (NASDAQ:CHCO) EVP John A. Derito sold 1,243 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.93, for a total transaction of $170,203.99. Following the sale, the executive vice president now directly owns 28,757 shares of the company’s stock, valued at approximately $3,937,696.01. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

City Price Performance

Shares of NASDAQ:CHCO traded down $0.77 during trading on Tuesday, reaching $133.19. The company had a trading volume of 14,137 shares, compared to its average volume of 56,597. The firm’s fifty day moving average is $121.05 and its 200 day moving average is $114.18. The firm has a market capitalization of $1.96 billion, a PE ratio of 17.20 and a beta of 0.46. City Holding has a twelve month low of $95.39 and a twelve month 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 results on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10. City had a net margin of 31.18% and a return on equity of 16.60%. The company had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. On average, equities analysts forecast that City Holding will post 7.84 EPS for the current year.

City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, January 15th. City’s dividend payout ratio is presently 40.56%.

Analyst Ratings Changes

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

Institutional Trading of City

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Leeward Investments LLC MA raised its holdings in shares of City by 5.6% during the second quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank’s stock valued at $9,452,000 after acquiring an additional 4,725 shares during the period. Alpha DNA Investment Management LLC acquired a new position in City in the 2nd quarter valued at approximately $483,000. Zhang Financial LLC acquired a new position in City in the 2nd quarter valued at approximately $401,000. Squarepoint Ops LLC increased its stake in City by 137.5% in the 2nd quarter. Squarepoint Ops LLC now owns 10,901 shares of the bank’s stock valued at $1,158,000 after buying an additional 6,312 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in City by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,944 shares of the bank’s stock valued at $1,141,000 after buying an additional 423 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.

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.