Leeward Investments LLC MA Sells 298 Shares of City Holding (NASDAQ:CHCO)

Leeward Investments LLC MA lessened its stake in City Holding (NASDAQ:CHCO) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,659 shares of the bank’s stock after selling 298 shares during the period. Leeward Investments LLC MA’s holdings in City were worth $10,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in City by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,126 shares of the bank’s stock valued at $226,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of City by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the bank’s stock valued at $786,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its position in City by 95.8% in the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock worth $25,000 after purchasing an additional 113 shares during the period. Texas Permanent School Fund Corp boosted its stake in City by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 12,953 shares of the bank’s stock worth $1,350,000 after buying an additional 140 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in City by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 2,955 shares of the bank’s stock valued at $308,000 after buying an additional 165 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other City news, EVP Michael T. Quinlan, Jr. sold 600 shares of City stock in a transaction on Monday, August 19th. The stock was sold at an average price of $115.62, for a total value of $69,372.00. Following the completion of the transaction, the executive vice president now owns 2,000 shares in the company, valued at approximately $231,240. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other City news, EVP Michael T. Quinlan, Jr. sold 600 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at $231,240. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Rossi sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the director now directly owns 18,233 shares of the company’s stock, valued at approximately $2,096,795. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.39% of the stock is owned by corporate insiders.

City Trading Up 12.9 %

Shares of CHCO stock opened at $133.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.82. The firm has a fifty day moving average of $117.45 and a 200-day moving average of $111.71. City Holding has a 52-week low of $92.76 and a 52-week high of $135.83. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 17.14 and a beta of 0.46.

City (NASDAQ:CHCO) last released its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.10. City had a return on equity of 16.60% and a net margin of 31.18%. The firm had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. On average, equities research analysts forecast that City Holding will post 7.78 earnings per share for the current fiscal year.

City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.79 dividend. This is an increase from City’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, October 15th. City’s payout ratio is presently 40.56%.

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.