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 completion of the transaction, the executive vice president now directly owns 28,757 shares in the company, valued at $3,937,696.01. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

City Price Performance

Shares of CHCO stock opened at $132.12 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 16.96 and a beta of 0.46. The firm’s 50 day moving average is $121.30 and its 200-day moving average is $114.36. City Holding has a 1 year low of $95.39 and a 1 year high of $137.28.

City (NASDAQ:CHCO) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The firm had revenue of $98.40 million for the quarter, compared to analyst estimates of $73.90 million. City had a return on equity of 16.60% and a net margin of 31.18%. Sell-side analysts forecast that City Holding will post 7.84 EPS for the current fiscal year.

City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.39%. City’s dividend payout ratio is currently 40.56%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of City by 125.3% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of City by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 528,529 shares of the bank’s stock valued at $62,044,000 after acquiring an additional 15,910 shares during the last quarter. Nicholson Wealth Management Group LLC acquired a new position in shares of City in the 3rd quarter valued at $1,449,000. Dimensional Fund Advisors LP lifted its stake in shares of City by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 550,985 shares of the bank’s stock valued at $58,542,000 after purchasing an additional 10,740 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of City by 66.6% in the 3rd quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock worth $2,937,000 after purchasing an additional 9,999 shares during the last quarter. 72.43% of the stock is currently 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 objective on shares of City in a research note 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.