SG Americas Securities LLC purchased a new position in shares of City Holding (NASDAQ:CHCO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,935 shares of the bank's stock, valued at approximately $579,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. raised its position in City by 5.5% during the first quarter. Westwood Holdings Group Inc. now owns 614,511 shares of the bank's stock valued at $64,044,000 after acquiring an additional 32,069 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in City during the first quarter valued at $1,133,000. Dimensional Fund Advisors LP increased its holdings in City by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 550,985 shares of the bank's stock valued at $58,542,000 after buying an additional 10,740 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of City by 137.5% during the 2nd 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 in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of City in the 4th quarter valued at about $599,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Charles R. Hageboeck sold 7,244 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $123.62, for a total value of $895,503.28. Following the completion of the transaction, the chief executive officer now directly owns 45,974 shares of the company's stock, valued at approximately $5,683,305.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other City news, Director J. Thomas Jones sold 569 shares of the firm's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $122.47, for a total value of $69,685.43. Following the completion of the sale, the director now directly owns 4,411 shares of the company's stock, valued at $540,215.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles R. Hageboeck sold 7,244 shares of the business's stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $123.62, for a total transaction of $895,503.28. Following the transaction, the chief executive officer now directly owns 45,974 shares in the company, valued at approximately $5,683,305.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,413 shares of company stock worth $1,149,561. Insiders own 2.45% of the company's stock.
City Price Performance
CHCO stock traded up $0.46 during mid-day trading on Tuesday, reaching $119.70. 52,581 shares of the company's stock were exchanged, compared to its average volume of 57,529. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 15.00 and a beta of 0.47. City Holding has a 12-month low of $86.56 and a 12-month high of $125.54. The stock's 50 day moving average is $116.00 and its 200 day moving average is $109.65. 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 released its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.08. The firm had revenue of $94.90 million for the quarter, compared to analysts' expectations 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 year.
City Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from City's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. City's dividend payout ratio (DPR) is currently 39.75%.
City Company Profile
(
Free Report)
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.
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