Craig G. Stilwell Sells 5,000 Shares of City Holding Co. (CHCO) Stock
City Holding Co. (NASDAQ:CHCO) EVP Craig G. Stilwell sold 5,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the executive vice president now directly owns 37,929 shares of the company’s stock, valued at $2,275,740. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of City Holding Co. (NASDAQ:CHCO) opened at 59.31 on Wednesday. City Holding Co. has a 1-year low of $40.74 and a 1-year high of $62.38. The stock has a market capitalization of $890.07 million, a price-to-earnings ratio of 17.65 and a beta of 0.75. The firm’s 50-day moving average is $51.58 and its 200-day moving average is $48.98.
City Holding (NASDAQ:CHCO) last announced its earnings results on Monday, October 24th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. City Holding had a return on equity of 11.96% and a net margin of 26.90%. During the same period last year, the firm earned $0.69 earnings per share. On average, analysts predict that City Holding Co. will post $3.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were paid a $0.43 dividend. The ex-dividend date was Wednesday, October 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.90%. City Holding’s dividend payout ratio (DPR) is presently 51.04%.
Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake 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. BlackRock Group LTD raised its stake 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. raised its stake 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. First Trust Advisors LP raised its stake in shares of City Holding by 39.2% in the second quarter. First Trust Advisors LP now owns 36,013 shares of the company’s stock worth $1,638,000 after buying an additional 10,140 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of City Holding by 123.0% in the second quarter. Teacher Retirement System of Texas now owns 13,392 shares of the company’s stock worth $609,000 after buying an additional 7,386 shares during the period. Institutional investors own 60.50% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of City Holding from a “hold” rating to a “sell” rating in a report on Thursday, July 28th.
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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