Teacher Retirement System of Texas Has $1.07 Million Stock Holdings in City Holding (NASDAQ:CHCO)

Teacher Retirement System of Texas trimmed its position in shares of City Holding (NASDAQ:CHCO) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,684 shares of the bank’s stock after selling 1,223 shares during the period. Teacher Retirement System of Texas owned about 0.07% of City worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHCO. Los Angeles Capital Management LLC raised its stake in shares of City by 4.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 4,691 shares of the bank’s stock worth $517,000 after purchasing an additional 190 shares in the last quarter. Cerity Partners LLC increased its holdings in City by 3.3% in the fourth quarter. Cerity Partners LLC now owns 7,239 shares of the bank’s stock worth $799,000 after buying an additional 230 shares during the last quarter. Federated Hermes Inc. raised 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 in the last quarter. Alps Advisors Inc. lifted its stake in City by 9.1% in the third quarter. Alps Advisors Inc. now owns 3,753 shares of the bank’s stock valued at $339,000 after acquiring an additional 313 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in City in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of City from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Stephens reduced their price target on City from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $110.00 price objective (up previously from $100.00) on shares of City in a report on Thursday, April 25th. Finally, Hovde Group upped their target price on City from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.75.

City Trading Up 0.4 %

City stock opened at $102.96 on Wednesday. City Holding has a 52 week low of $85.41 and a 52 week high of $115.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $1.52 billion, a PE ratio of 12.95 and a beta of 0.50. The business’s 50-day simple moving average is $102.59 and its 200-day simple moving average is $102.86.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.97 EPS for the quarter, topping the consensus estimate of $1.84 by $0.13. City had a return on equity of 18.31% and a net margin of 33.78%. The company had revenue of $72.60 million for the quarter, compared to the consensus estimate of $71.45 million. Equities research analysts forecast that City Holding will post 7.65 earnings per share for the current year.

City Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, April 12th. City’s dividend payout ratio (DPR) is presently 35.97%.

Insiders Place Their Bets

In other news, EVP Michael T. Quinlan, Jr. sold 1,773 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $104.74, for a total transaction of $185,704.02. Following the completion of the transaction, the executive vice president now owns 3,400 shares of the company’s stock, valued at $356,116. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John A. Derito sold 1,309 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $101.25, for a total value of $132,536.25. Following the completion of the transaction, the executive vice president now owns 28,620 shares in the company, valued at approximately $2,897,775. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael T. Quinlan, Jr. sold 1,773 shares of City stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $104.74, for a total transaction of $185,704.02. Following the sale, the executive vice president now owns 3,400 shares in the company, valued at $356,116. The disclosure for this sale can be found here. Insiders have sold 21,029 shares of company stock worth $2,161,586 in the last ninety days. Insiders own 2.39% of the company’s stock.

City Company Profile

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.