City Holding (NASDAQ:CHCO) Director J. Thomas Jones Sells 569 Shares

City Holding (NASDAQ:CHCO) Director J. Thomas Jones sold 569 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $122.47, for a total transaction of $69,685.43. Following the transaction, the director now directly owns 4,411 shares of the company’s stock, valued at approximately $540,215.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

City Trading Up 3.7 %

Shares of NASDAQ:CHCO traded up $4.40 on Thursday, hitting $124.33. The company had a trading volume of 12,376 shares, compared to its average volume of 60,542. The firm’s 50-day simple moving average is $106.42 and its two-hundred day simple moving average is $104.05. City Holding has a 1 year low of $86.56 and a 1 year high of $124.87. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.41 and a beta of 0.48.

City (NASDAQ:CHCO) last posted its earnings results on Tuesday, July 23rd. The bank reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. City had a net margin of 32.12% and a return on equity of 17.62%. The firm had revenue of $94.90 million during the quarter, compared to analysts’ expectations of $73.20 million. Equities analysts anticipate that City Holding will post 7.66 earnings per share for the current fiscal year.

City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $2.86 annualized dividend and a dividend yield of 2.30%. City’s payout ratio is 35.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $110.00 price target (up previously from $100.00) on shares of City in a research note on Thursday, April 25th. Stephens cut their price target on shares of City from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, Hovde Group boosted their price objective on shares of City from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHCO. GAMMA Investing LLC increased its stake in City by 95.8% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of City during the 4th quarter valued at about $38,000. Bessemer Group Inc. boosted its holdings in shares of City by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock valued at $132,000 after acquiring an additional 604 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of City in the first quarter worth approximately $180,000. Finally, ProShare Advisors LLC boosted its holdings in shares of City by 5.9% in the first quarter. ProShare Advisors LLC now owns 2,955 shares of the bank’s stock worth $308,000 after buying an additional 165 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors.

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.