City Holding (CHCO) EVP Sells $51,116.25 in Stock

City Holding (NASDAQ:CHCO) EVP Craig G. Stilwell sold 645 shares of City stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $79.25, for a total transaction of $51,116.25. Following the completion of the transaction, the executive vice president now owns 21,661 shares in the company, valued at $1,716,634.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ CHCO opened at $79.29 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.88 and a beta of 0.75. City Holding has a one year low of $65.32 and a one year high of $83.27.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The company had revenue of $55.99 million for the quarter, compared to analyst estimates of $55.33 million. City had a net margin of 31.16% and a return on equity of 15.10%. Equities analysts anticipate that City Holding will post 5.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, April 12th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.67%. City’s dividend payout ratio (DPR) is 41.09%.

Several institutional investors have recently modified their holdings of CHCO. Quantamental Technologies LLC acquired a new position in shares of City during the fourth quarter worth about $57,000. LS Investment Advisors LLC increased its stake in shares of City by 183.5% during the fourth quarter. LS Investment Advisors LLC now owns 1,273 shares of the bank’s stock worth $86,000 after acquiring an additional 824 shares during the period. SG Americas Securities LLC acquired a new position in shares of City during the fourth quarter worth about $185,000. Crossmark Global Holdings Inc. increased its stake in shares of City by 10.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,073 shares of the bank’s stock worth $208,000 after acquiring an additional 290 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in shares of City during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 67.32% of the company’s stock.

A number of research firms have commented on CHCO. BidaskClub upgraded shares of City from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered shares of City from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Boenning Scattergood restated a “hold” rating on shares of City in a research note on Thursday, January 24th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.00.

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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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

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