Charles W. Fairchilds Sells 500 Shares of City Holding (NASDAQ:CHCO) Stock

City Holding (NASDAQ:CHCO - Get Free Report) Director Charles W. Fairchilds sold 500 shares of City stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $120.50, for a total value of $60,250.00. Following the sale, the director now directly owns 1,014 shares of the company's stock, valued at approximately $122,187. This trade represents a 33.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

City Stock Performance

Shares of NASDAQ:CHCO traded up $1.92 during midday trading on Tuesday, hitting $120.39. The company had a trading volume of 40,140 shares, compared to its average volume of 58,194. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 15.26 and a beta of 0.51. City Holding has a 12-month low of $97.50 and a 12-month high of $137.28. The company has a fifty day moving average of $121.29 and a two-hundred day moving average of $120.25.

City (NASDAQ:CHCO - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. On average, equities research analysts expect that City Holding will post 7.58 EPS for the current fiscal year.

City Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, January 15th. City's dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHCO shares. Piper Sandler reduced their price target on City from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on City from $120.00 to $130.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of City by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank's stock valued at $65,253,000 after acquiring an additional 22,226 shares during the last quarter. Barclays PLC raised its position in City by 125.3% in the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank's stock worth $3,385,000 after purchasing an additional 16,044 shares during the period. Nicholson Wealth Management Group LLC purchased a new position in shares of City during the third quarter worth approximately $1,449,000. Jane Street Group LLC increased its position in shares of City by 66.6% during the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank's stock worth $2,937,000 after acquiring an additional 9,999 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of City during the fourth quarter worth approximately $862,000. 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.