City Holding (NASDAQ:CHCO) Position Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of City Holding (NASDAQ:CHCO) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 82,521 shares of the bank’s stock after selling 6,138 shares during the quarter. Leeward Investments LLC MA’s holdings in City were worth $9,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CHCO. Barclays PLC boosted its holdings in shares of City by 125.3% during the third quarter. Barclays PLC now owns 28,845 shares of the bank’s stock valued at $3,385,000 after acquiring an additional 16,044 shares during the period. Franklin Resources Inc. boosted its holdings in shares of City by 4.5% during the third quarter. Franklin Resources Inc. now owns 9,362 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 404 shares during the period. Jane Street Group LLC boosted its holdings in shares of City by 66.6% during the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock valued at $2,937,000 after acquiring an additional 9,999 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of City during the fourth quarter valued at $227,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of City by 3.1% during the third 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 period. Institutional investors own 72.43% of the company’s stock.

City Stock Performance

CHCO stock opened at $117.19 on Friday. The company has a market capitalization of $1.72 billion, a P/E ratio of 14.85 and a beta of 0.51. The company has a 50-day simple moving average of $119.36 and a 200 day simple moving average of $120.29. City Holding has a fifty-two week low of $97.50 and a fifty-two week high of $137.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.03. City had a net margin of 30.83% and a return on equity of 16.49%. Sell-side analysts predict that City Holding will post 7.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHCO. Keefe, Bruyette & Woods boosted their price target on shares of City from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on shares of City from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, January 24th.

Insiders Place Their Bets

In other City news, CFO David L. Bumgarner sold 556 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $120.00, for a total value of $66,720.00. Following the sale, the chief financial officer now directly owns 9,395 shares in the company, valued at approximately $1,127,400. The trade was a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,299 shares of company stock worth $297,174. 2.45% of the stock is owned by corporate insiders.

City 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.