C Dallas Kayser Sells 1,784 Shares of City Holding (NASDAQ:CHCO) Stock

City Holding (NASDAQ:CHCO) Director C Dallas Kayser sold 1,784 shares of City stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total value of $237,860.72. Following the completion of the sale, the director now directly owns 23,637 shares of the company’s stock, valued at approximately $3,151,521.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

City Stock Down 1.8 %

Shares of City stock traded down $2.41 on Thursday, reaching $131.09. The company’s stock had a trading volume of 20,046 shares, compared to its average volume of 56,797. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. City Holding has a 52 week low of $92.76 and a 52 week high of $135.83. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 17.14 and a beta of 0.46. The firm’s fifty day simple moving average is $117.45 and its two-hundred day simple moving average is $111.71.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, topping the consensus estimate of $1.92 by $0.10. City had a return on equity of 16.60% and a net margin of 31.18%. The company had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. Equities analysts anticipate that City Holding will post 7.78 earnings per share for the current year.

City Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.79 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.41%. This is a positive change from City’s previous quarterly dividend of $0.72. City’s payout ratio is presently 40.56%.

Institutional Trading of City

Several hedge funds have recently bought and sold shares of CHCO. Leeward Investments LLC MA lifted its position in shares of City by 5.6% in the second quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank’s stock valued at $9,452,000 after acquiring an additional 4,725 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in shares of City in the second quarter valued at about $483,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of City in the first quarter valued at about $1,133,000. Zhang Financial LLC purchased a new stake in shares of City in the second quarter worth about $401,000. Finally, Squarepoint Ops LLC lifted its position in shares of City by 137.5% in the second quarter. Squarepoint Ops LLC now owns 10,901 shares of the bank’s stock worth $1,158,000 after buying an additional 6,312 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

About City

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.