Leeward Investments LLC MA Has $9.69 Million Stock Position in City Holding (NASDAQ:CHCO)

Leeward Investments LLC MA decreased its stake in shares of City Holding (NASDAQ:CHCO) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,850 shares of the bank’s stock after selling 694 shares during the period. Leeward Investments LLC MA owned 0.59% of City worth $9,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in City by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 397,782 shares of the bank’s stock valued at $35,940,000 after purchasing an additional 16,123 shares during the period. Deutsche Bank AG lifted its position in City by 13.4% during the 3rd quarter. Deutsche Bank AG now owns 7,757 shares of the bank’s stock valued at $701,000 after purchasing an additional 919 shares during the period. Dupree Financial Group LLC acquired a new position in City during the 4th quarter valued at about $1,165,000. Illinois Municipal Retirement Fund acquired a new position in City during the 3rd quarter valued at about $762,000. Finally, MQS Management LLC acquired a new position in City during the 3rd quarter valued at about $247,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Insiders Place Their Bets

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 transaction of $132,536.25. Following the completion of the sale, the executive vice president now owns 28,620 shares of the company’s stock, valued at $2,897,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP John A. Derito sold 1,309 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $101.25, for a total transaction of $132,536.25. Following the sale, the executive vice president now directly owns 28,620 shares in the company, valued at $2,897,775. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles R. Hageboeck sold 8,899 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $101.00, for a total transaction of $898,799.00. Following the sale, the chief executive officer now owns 53,218 shares in the company, valued at $5,375,018. The disclosure for this sale can be found here. Corporate insiders own 2.45% of the company’s stock.

City Trading Down 1.0 %

Shares of NASDAQ:CHCO traded down $1.10 during mid-day trading on Friday, reaching $104.11. The stock had a trading volume of 36,449 shares, compared to its average volume of 61,460. The firm has a market cap of $1.55 billion, a PE ratio of 13.10 and a beta of 0.51. The firm has a 50 day simple moving average of $101.79 and a two-hundred day simple moving average of $101.11. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. City Holding has a twelve month low of $82.53 and a twelve month high of $115.89.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.06). The firm had revenue of $86.10 million during the quarter, compared to analyst estimates of $72.50 million. City had a net margin of 33.78% and a return on equity of 18.31%. On average, research analysts predict that City Holding will post 7.51 EPS for the current fiscal year.

City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, April 12th. This represents a $2.86 dividend on an annualized basis and a yield of 2.75%. City’s payout ratio is 35.97%.

Analysts Set New Price Targets

CHCO has been the topic of a number of research reports. Stephens cut their target price on shares of City from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $110.00 target price (up from $100.00) on shares of City in a research report on Thursday. Finally, Piper Sandler increased their price target on shares of City from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st.

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.