City Holding (NASDAQ:CHCO - Get Free Report) Director Robert D. Fisher acquired 172 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average price of $115.02 per share, with a total value of $19,783.44. Following the completion of the transaction, the director now owns 44,232 shares of the company's stock, valued at $5,087,564.64. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
City Stock Performance
City stock opened at $115.27 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 14.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $115.79 and a 200-day simple moving average of $109.33. City Holding has a 1-year low of $86.56 and a 1-year high of $125.54.
City (NASDAQ:CHCO - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.08. City had a return on equity of 17.42% and a net margin of 32.12%. The company had revenue of $94.90 million during the quarter, compared to analysts' expectations of $73.20 million. On average, analysts expect that City Holding will post 7.73 EPS for the current year.
City Increases Dividend
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The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from City's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.74%. City's dividend payout ratio (DPR) is currently 39.75%.
Hedge Funds Weigh In On City
Several hedge funds have recently bought and sold shares of the company. Leeward Investments LLC MA grew its position in City by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank's stock valued at $9,452,000 after acquiring an additional 4,725 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in shares of City in the second quarter valued at approximately $483,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in City during the 1st quarter worth approximately $1,133,000. Zhang Financial LLC acquired a new stake in shares of City in the second quarter valued at $401,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of City by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,944 shares of the bank's stock worth $1,141,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 72.43% of the company's stock.
About City
(
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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