City Holding (NASDAQ:CHCO) EVP John A. Derito Sells 1,697 Shares of Stock

City Holding (NASDAQ:CHCOGet Rating) EVP John A. Derito sold 1,697 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $99.20, for a total transaction of $168,342.40. Following the completion of the transaction, the executive vice president now directly owns 28,111 shares of the company’s stock, valued at approximately $2,788,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

City Price Performance

Shares of City stock opened at $98.63 on Tuesday. The firm has a fifty day moving average price of $93.95 and a 200 day moving average price of $86.75. City Holding has a 1 year low of $73.40 and a 1 year high of $103.00. The stock has a market cap of $1.47 billion, a PE ratio of 15.68 and a beta of 0.55.

City (NASDAQ:CHCOGet Rating) last released its quarterly earnings results on Tuesday, October 18th. The bank reported $1.83 EPS for the quarter, beating the consensus estimate of $1.70 by $0.13. The company had revenue of $67.35 million for the quarter, compared to analyst estimates of $63.70 million. City had a net margin of 38.33% and a return on equity of 15.41%. As a group, equities analysts expect that City Holding will post 6.64 EPS for the current year.

City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, January 12th. This represents a $2.60 annualized dividend and a yield of 2.64%. City’s dividend payout ratio is presently 41.34%.

Institutional Trading of City

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHCO. Quadrant Capital Group LLC grew its position in City by 735.3% during the third quarter. Quadrant Capital Group LLC now owns 284 shares of the bank’s stock valued at $25,000 after buying an additional 250 shares during the period. Lazard Asset Management LLC acquired a new stake in City during the first quarter valued at $27,000. Quantbot Technologies LP grew its position in City by 141.0% during the second quarter. Quantbot Technologies LP now owns 453 shares of the bank’s stock valued at $36,000 after buying an additional 265 shares during the period. Point72 Hong Kong Ltd acquired a new stake in City during the second quarter valued at $46,000. Finally, Advisor Group Holdings Inc. grew its position in shares of City by 80.4% in the first quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank’s stock valued at $52,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 67.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHCO. DA Davidson reaffirmed a “neutral” rating on shares of City in a report on Wednesday, July 27th. StockNews.com assumed coverage on shares of City in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Janney Montgomery Scott assumed coverage on shares of City in a report on Tuesday, September 6th. They set a “neutral” rating and a $91.00 target price for the company.

About City

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for City (NASDAQ:CHCO)

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