City Holding (NASDAQ:CHCO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in City Holding (NASDAQ:CHCO - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,081 shares of the bank's stock after selling 2,252 shares during the period. Rhumbline Advisers owned 0.31% of City worth $5,341,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of City by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 8,676 shares of the bank's stock worth $1,018,000 after buying an additional 137 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in City by 4.1% in the fourth quarter. DAVENPORT & Co LLC now owns 4,426 shares of the bank's stock valued at $524,000 after acquiring an additional 176 shares in the last quarter. Intech Investment Management LLC grew its holdings in City by 14.8% in the third quarter. Intech Investment Management LLC now owns 2,243 shares of the bank's stock worth $263,000 after purchasing an additional 290 shares during the last quarter. KBC Group NV increased its position in shares of City by 60.3% during the fourth quarter. KBC Group NV now owns 843 shares of the bank's stock worth $100,000 after purchasing an additional 317 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of City by 16.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,794 shares of the bank's stock valued at $328,000 after purchasing an additional 400 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, Director Charles W. Fairchilds sold 500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $120.50, for a total transaction of $60,250.00. Following the transaction, the director now owns 1,014 shares of the company's stock, valued at approximately $122,187. The trade was a 33.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David L. Bumgarner sold 556 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $120.00, for a total transaction of $66,720.00. Following the completion of the sale, the chief financial officer now directly owns 9,395 shares of the company's stock, valued at $1,127,400. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,226 shares of company stock worth $147,200 over the last ninety days. Corporate insiders own 2.45% of the company's stock.

City Price Performance

Shares of CHCO stock traded up $0.27 on Monday, reaching $119.26. 22,698 shares of the company were exchanged, compared to its average volume of 53,388. City Holding has a 1 year low of $97.50 and a 1 year high of $137.28. 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 business has a 50-day moving average price of $118.74 and a 200 day moving average price of $120.54. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 15.11 and a beta of 0.51.

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

Wall Street Analysts Forecast Growth

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

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.