City Holding (NASDAQ:CHCO – Get Free Report) Director Robert D. Fisher acquired 172 shares of City stock in a transaction on Thursday, October 10th. The shares were bought at an average cost of $115.02 per share, for a total transaction of $19,783.44. Following the completion of the purchase, the director now directly owns 44,232 shares of the company’s stock, valued at $5,087,564.64. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
City Trading Down 0.1 %
NASDAQ CHCO traded down $0.10 during trading hours on Thursday, hitting $115.27. 46,267 shares of the company were exchanged, compared to its average volume of 57,774. The stock has a 50-day moving average price of $115.82 and a 200 day moving average price of $109.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. City Holding has a 52 week low of $86.56 and a 52 week high of $125.54. The stock has a market cap of $1.70 billion, a PE ratio of 14.51 and a beta of 0.47.
City (NASDAQ:CHCO – Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.08. City had a return on equity of 17.42% and a net margin of 32.12%. The company had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $73.20 million. Analysts forecast that City Holding will post 7.73 earnings per share for the current fiscal year.
City Increases Dividend
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of City by 95.8% during the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock valued at $25,000 after buying an additional 113 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of City by 90.7% during the first quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock valued at $132,000 after buying an additional 604 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of City during the first quarter valued at approximately $180,000. Intech Investment Management LLC bought a new position in shares of City during the second quarter valued at approximately $208,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of City by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,126 shares of the bank’s stock valued at $226,000 after buying an additional 91 shares during the last quarter. Institutional investors own 72.43% 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.
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