City Holding (NASDAQ:CHCO – Get Free Report) EVP Michael T. Quinlan, Jr. sold 1,773 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $104.74, for a total transaction of $185,704.02. Following the completion of the sale, the executive vice president now owns 3,400 shares in the company, valued at approximately $356,116. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
City Stock Up 2.9 %
CHCO stock opened at $103.98 on Thursday. The firm has a market cap of $1.55 billion, a PE ratio of 13.08 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. The firm’s fifty day moving average is $101.80 and its 200 day moving average is $101.47. City Holding has a one year low of $82.53 and a one year high of $115.89.
City Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.86 annualized dividend and a yield of 2.75%. City’s dividend payout ratio is presently 35.97%.
Institutional Trading of City
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CHCO shares. Piper Sandler increased their price objective on shares of City from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Stephens cut their price objective on shares of City from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $110.00 price target (up previously from $100.00) on shares of City in a research report on Thursday, April 25th.
Read Our Latest Research Report on City
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.
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