City Holding (NASDAQ:CHCO) Director Robert D. Fisher Purchases 172 Shares

City Holding (NASDAQ:CHCO - Get Free Report) Director Robert D. Fisher purchased 172 shares of the business's stock in a transaction on Thursday, October 10th. The stock was purchased at an average price of $115.02 per share, with a total value of $19,783.44. Following the purchase, the director now owns 44,232 shares of the company's stock, valued at approximately $5,087,564.64. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

City Stock Performance

City stock traded down $0.10 during mid-day trading on Thursday, hitting $115.27. 46,282 shares of the company's stock traded hands, compared to its average volume of 57,774. City Holding has a fifty-two week low of $86.56 and a fifty-two week high of $125.54. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 14.50 and a beta of 0.47. The firm has a 50 day simple moving average of $115.79 and a two-hundred day simple moving average of $109.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80.

City (NASDAQ:CHCO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.08. The business had revenue of $94.90 million for the quarter, compared to analyst estimates of $73.20 million. City had a net margin of 32.12% and a return on equity of 17.42%. On average, research analysts expect that City Holding will post 7.73 EPS for the current fiscal year.

City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.79 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.74%. This is an increase from City's previous quarterly dividend of $0.72. City's payout ratio is currently 39.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Inspire Investing LLC increased its position in shares of City by 6.8% in the third quarter. Inspire Investing LLC now owns 3,493 shares of the bank's stock worth $410,000 after purchasing an additional 222 shares during the period. SG Americas Securities LLC bought a new position in City in the 3rd quarter valued at about $579,000. Point72 Asset Management L.P. raised its position in shares of City by 19.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,152 shares of the bank's stock valued at $229,000 after buying an additional 352 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of City by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,455 shares of the bank's stock worth $792,000 after acquiring an additional 285 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of City by 20.9% during the 2nd quarter. AQR Capital Management LLC now owns 4,038 shares of the bank's stock worth $429,000 after acquiring an additional 697 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

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.