City Holding (NASDAQ:CHCO - Get Free Report) CFO David L. Bumgarner sold 1,499 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $103.20, for a total value of $154,696.80. Following the completion of the transaction, the chief financial officer now directly owns 9,951 shares in the company, valued at approximately $1,026,943.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
City Stock Performance
Shares of CHCO stock opened at $104.76 on Friday. The stock has a fifty day moving average of $101.86 and a 200 day moving average of $101.48. City Holding has a 52 week low of $82.53 and a 52 week high of $115.89. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.18 and a beta of 0.50.
City Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, April 12th. City's payout ratio is currently 35.97%.
Analysts Set New Price Targets
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A number of equities research analysts have recently commented on the company. Stephens lowered their target price on City from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $110.00 target price (up previously from $100.00) on shares of City in a research report on Thursday, April 25th. Piper Sandler increased their target price on City from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Finally, Hovde Group upped their target price on shares of City from $110.00 to $113.00 and gave the stock a "market perform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, City has an average rating of "Hold" and a consensus price target of $106.75.
Read Our Latest Report on City
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CHCO. Los Angeles Capital Management LLC increased its position in shares of City by 4.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 4,691 shares of the bank's stock valued at $517,000 after acquiring an additional 190 shares in the last quarter. Cerity Partners LLC raised its stake in City by 3.3% during the 4th quarter. Cerity Partners LLC now owns 7,239 shares of the bank's stock valued at $799,000 after buying an additional 230 shares during the last quarter. Federated Hermes Inc. increased its position in City by 28.0% during the third quarter. Federated Hermes Inc. now owns 1,137 shares of the bank's stock valued at $103,000 after acquiring an additional 249 shares during the last quarter. Teacher Retirement System of Texas grew its position in City by 2.8% during the third quarter. Teacher Retirement System of Texas now owns 10,907 shares of the bank's stock valued at $985,000 after buying an additional 301 shares during the period. Finally, Alps Advisors Inc. boosted its stake in shares of City by 9.1% during the 3rd quarter. Alps Advisors Inc. now owns 3,753 shares of the bank's stock worth $339,000 after acquiring an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 72.43% of the company's stock.
City Company Profile
(
Get Free Report)
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.
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