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

City Holding (NASDAQ:CHCO - Get Free Report) Director C Dallas Kayser sold 1,784 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total transaction of $237,860.72. Following the transaction, the director now owns 23,637 shares in the company, valued at $3,151,521.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

City Stock Performance

Shares of NASDAQ:CHCO traded down $4.94 on Thursday, hitting $128.56. The company had a trading volume of 78,226 shares, compared to its average volume of 57,070. The stock has a 50 day moving average price of $117.67 and a 200 day moving average price of $111.83. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 16.50 and a beta of 0.46. City Holding has a 1-year low of $92.76 and a 1-year high of $135.83.

City (NASDAQ:CHCO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.10. The business had revenue of $98.40 million for the quarter, compared to analyst estimates of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%. Analysts expect that City Holding will post 7.78 EPS for the current year.

City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.79 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.46%. This is an increase from City's previous quarterly dividend of $0.72. City's payout ratio is currently 40.56%.

Institutional Investors Weigh In On City

A number of large investors have recently added to or reduced their stakes in CHCO. Leeward Investments LLC MA boosted its stake in shares of City by 5.6% during the second quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank's stock valued at $9,452,000 after purchasing an additional 4,725 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in City during the second quarter valued at about $483,000. Mirae Asset Global Investments Co. Ltd. bought a new position in City during the first quarter valued at $1,133,000. Zhang Financial LLC purchased a new stake in City in the 2nd quarter worth about $401,000. Finally, Squarepoint Ops LLC boosted its holdings 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 acquiring an additional 6,312 shares during the period. Institutional investors and hedge funds 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.