3,927 Shares in City Holding (NASDAQ:CHCO) Purchased by Kentucky Trust Co

Kentucky Trust Co purchased a new stake in City Holding (NASDAQ:CHCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,927 shares of the bank's stock, valued at approximately $465,000.

Several other institutional investors have also recently added to or reduced their stakes in CHCO. nVerses Capital LLC acquired a new position in shares of City during the third quarter worth approximately $59,000. KBC Group NV grew its holdings in City by 60.3% during the fourth quarter. KBC Group NV now owns 843 shares of the bank's stock worth $100,000 after buying an additional 317 shares in the last quarter. Point72 DIFC Ltd bought a new stake in City during the third quarter worth $134,000. Crossmark Global Holdings Inc. bought a new stake in City during the third quarter worth $199,000. Finally, Longboard Asset Management LP bought a new stake in City during the fourth quarter worth $211,000. 72.43% of the stock is owned by institutional investors and hedge funds.

City Stock Performance

NASDAQ:CHCO traded down $0.44 during trading on Friday, reaching $119.05. The company's stock had a trading volume of 39,635 shares, compared to its average volume of 54,433. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 15.09 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day moving average of $120.36 and a 200-day moving average of $120.20. City Holding has a 12 month low of $97.50 and a 12 month high of $137.28.

City (NASDAQ:CHCO - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that City Holding will post 7.58 EPS for the current fiscal year.

City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.79 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.65%. City's dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analyst Weigh In

CHCO has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price target on City from $120.00 to $130.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler decreased their price target on City from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, January 24th.

Insider Buying and Selling at City

In other news, Director Charles W. Fairchilds sold 500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total transaction of $60,250.00. Following the completion of the transaction, the director now owns 1,014 shares in the company, valued at approximately $122,187. This represents a 33.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David L. Bumgarner sold 556 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $120.00, for a total value of $66,720.00. Following the transaction, the chief financial officer now owns 9,395 shares of the company's stock, valued at $1,127,400. The trade was a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,299 shares of company stock worth $297,174 in the last quarter. 2.45% of the stock is currently owned by company insiders.

City 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.