Y Intercept Hong Kong Ltd Takes Position in City Holding (NASDAQ:CHCO)

Y Intercept Hong Kong Ltd bought a new stake in shares of City Holding (NASDAQ:CHCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,156 shares of the bank's stock, valued at approximately $255,000.

Several other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in City by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 528,529 shares of the bank's stock valued at $62,044,000 after acquiring an additional 15,910 shares during the last quarter. Geode Capital Management LLC grew its position in City by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 355,940 shares of the bank's stock valued at $41,792,000 after acquiring an additional 1,065 shares during the last quarter. Principal Financial Group Inc. grew its position in City by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 78,010 shares of the bank's stock valued at $9,243,000 after acquiring an additional 2,726 shares during the last quarter. Barclays PLC grew its position in City by 125.3% in the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank's stock valued at $3,385,000 after acquiring an additional 16,044 shares during the last quarter. Finally, Jane Street Group LLC grew its position in City by 66.6% in the 3rd quarter. Jane Street Group LLC now owns 25,017 shares of the bank's stock valued at $2,937,000 after acquiring an additional 9,999 shares during the last quarter. Institutional investors own 72.43% of the company's stock.

Insider Buying and Selling

In related news, Director Charles W. Fairchilds sold 500 shares of the company's 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 sale, the director now directly owns 1,014 shares in the company, valued at $122,187. This represents a 33.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 value of $66,720.00. Following the transaction, the chief financial officer now directly owns 9,395 shares in the company, valued at $1,127,400. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,226 shares of company stock worth $147,200 in the last three months. 2.39% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

CHCO has been the topic of several research analyst reports. 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. Piper Sandler lowered their target price on City from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, January 24th.

City Stock Up 1.0 %

Shares of CHCO stock traded up $1.12 during mid-day trading on Friday, hitting $116.80. The stock had a trading volume of 57,850 shares, compared to its average volume of 54,763. 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 firm has a market capitalization of $1.71 billion, a P/E ratio of 14.80 and a beta of 0.48. City Holding has a 12-month low of $97.50 and a 12-month high of $137.28. The firm's 50-day moving average is $118.33 and its two-hundred day moving average is $120.52.

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

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.