City Holding Co. (CHCO) EVP John A. Derito Sells 5,500 Shares of Stock
City Holding Co. (NASDAQ:CHCO) EVP John A. Derito sold 5,500 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $56.60, for a total transaction of $311,300.00. Following the sale, the executive vice president now owns 25,803 shares of the company’s stock, valued at approximately $1,460,449.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
City Holding Co. (NASDAQ:CHCO) opened at 60.17 on Tuesday. City Holding Co. has a 52-week low of $40.74 and a 52-week high of $62.38. The company has a market capitalization of $902.97 million, a price-to-earnings ratio of 17.90 and a beta of 0.75. The company’s 50-day moving average is $51.30 and its 200-day moving average is $48.91.
City Holding (NASDAQ:CHCO) last posted its earnings results on Monday, October 24th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. City Holding had a net margin of 26.90% and a return on equity of 11.96%. During the same period last year, the business posted $0.69 earnings per share. On average, analysts expect that City Holding Co. will post $3.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Wednesday, October 12th. City Holding’s dividend payout ratio (DPR) is currently 51.04%.
Separately, Zacks Investment Research upgraded shares of City Holding from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, October 26th.
Several institutional investors have recently modified their holdings of CHCO. BlackRock Group LTD increased its position in shares of City Holding by 2.7% in the first quarter. BlackRock Group LTD now owns 26,617 shares of the company’s stock worth $1,272,000 after buying an additional 704 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of City Holding by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 465,821 shares of the company’s stock worth $22,257,000 after buying an additional 6,275 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of City Holding by 100.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,663 shares of the company’s stock worth $212,000 after buying an additional 2,341 shares during the period. Creative Planning bought a new position in shares of City Holding during the second quarter worth $637,000. Finally, Capstone Asset Management Co. increased its position in shares of City Holding by 13.0% in the second quarter. Capstone Asset Management Co. now owns 4,773 shares of the company’s stock worth $217,000 after buying an additional 550 shares during the period. 60.50% of the stock is currently owned by institutional investors.
About City Holding
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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