City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II acquired 149 shares of the stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of $81.26 per share, with a total value of $12,107.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of CHCO opened at $81.59 on Friday. The company has a 50 day moving average price of $81.06 and a 200-day moving average price of $77.50. City Holding has a fifty-two week low of $66.63 and a fifty-two week high of $83.07. The stock has a market capitalization of $1.33 billion, a PE ratio of 15.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.04. City had a net margin of 29.76% and a return on equity of 13.96%. The firm had revenue of $57.24 million during the quarter, compared to analysts’ expectations of $57.85 million. Equities research analysts forecast that City Holding will post 5.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $2.28 annualized dividend and a dividend yield of 2.79%. City’s payout ratio is presently 44.19%.

Several research firms have issued reports on CHCO. BidaskClub cut shares of City from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Zacks Investment Research raised shares of City from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. ValuEngine raised shares of City from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Stephens assumed coverage on shares of City in a research report on Monday. They issued an “equal weight” rating and a $83.50 price target for the company. Six research analysts have rated the stock with a hold rating, City has a consensus rating of “Hold” and a consensus price target of $82.17.

Several institutional investors and hedge funds have recently made changes to their positions in CHCO. Rhumbline Advisers raised its stake in shares of City by 5.3% during the 3rd quarter. Rhumbline Advisers now owns 53,325 shares of the bank’s stock worth $4,066,000 after acquiring an additional 2,686 shares in the last quarter. Barclays PLC raised its stake in shares of City by 3.8% during the 3rd quarter. Barclays PLC now owns 21,568 shares of the bank’s stock worth $1,646,000 after acquiring an additional 793 shares in the last quarter. Resources Management Corp CT ADV bought a new position in shares of City during the 3rd quarter worth approximately $724,000. First Trust Advisors LP raised its stake in shares of City by 10.1% during the 3rd quarter. First Trust Advisors LP now owns 24,489 shares of the bank’s stock worth $1,867,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of City during the 3rd quarter worth approximately $297,000. 66.74% of the stock is owned by hedge funds and other institutional investors.

About City

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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

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