City Holding (NASDAQ:CHCO) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in City Holding (NASDAQ:CHCO – Get Rating) by 6.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 99,777 shares of the bank’s stock after acquiring an additional 6,256 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in City were worth $8,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of City by 735.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 284 shares of the bank’s stock worth $25,000 after acquiring an additional 250 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of City in the 1st quarter worth approximately $27,000. Quantbot Technologies LP grew its position in shares of City by 141.0% in the 2nd quarter. Quantbot Technologies LP now owns 453 shares of the bank’s stock worth $36,000 after acquiring an additional 265 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of City in the 2nd quarter worth approximately $46,000. Finally, Advisor Group Holdings Inc. boosted its position in City by 80.4% during the 1st 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 68.12% of the company’s stock.

Insiders Place Their Bets

In other City news, CFO David L. Bumgarner sold 400 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $99.19, for a total transaction of $39,676.00. Following the completion of the transaction, the chief financial officer now owns 10,885 shares in the company, valued at approximately $1,079,683.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other City news, CFO David L. Bumgarner sold 400 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $99.19, for a total transaction of $39,676.00. Following the completion of the transaction, the chief financial officer now owns 10,885 shares in the company, valued at approximately $1,079,683.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles R. Hageboeck sold 7,660 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $98.54, for a total value of $754,816.40. Following the completion of the sale, the chief executive officer now directly owns 52,598 shares in the company, valued at approximately $5,183,006.92. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by insiders.

City Price Performance

NASDAQ:CHCO opened at $92.54 on Friday. City Holding has a 12-month low of $73.40 and a 12-month high of $103.00. The business has a 50 day simple moving average of $95.43 and a 200 day simple moving average of $94.21. The firm has a market capitalization of $1.36 billion, a P/E ratio of 13.61 and a beta of 0.55.

City (NASDAQ:CHCO – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. City had a return on equity of 17.32% and a net margin of 38.88%. The company had revenue of $70.92 million during the quarter, compared to analyst estimates of $67.00 million. Research analysts anticipate that City Holding will post 7.43 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on City in a research report on Thursday. They set a “sell” rating for the company.

City Profile

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City Holding Co is a financial holding company, which engages in the provision of financial and community banking services. Its products produced and services rendered by City National include Commercial Banking, Consumer Banking, Mortgage Banking, and Wealth Management and Trust Services. The company was founded on March 12, 1982 and is headquartered in Charleston, WV.