City Holding Company (NASDAQ:CHCO) Director Buys $14,356.65 in Stock

Key Points

• Director Purchase: City Holding Company's Director Robert D. Fisher bought 113 shares at an average price of $127.05, totaling $14,356.65, resulting in a 0.25% increase in his ownership of the stock.
• Quarterly Earnings Report: The company reported $2.29 EPS, surpassing the consensus estimate by $0.32, with revenue of $78.16 million for the quarter.
• Dividend Announcement: City Holding Company declared a quarterly dividend of $0.79 per share to be paid on July 31, yielding an annualized dividend of $3.16 or 2.52%.

City Holding Company (NASDAQ:CHCO - Get Free Report) Director Robert D. Fisher acquired 113 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $127.05 per share, for a total transaction of $14,356.65. Following the completion of the acquisition, the director owned 45,622 shares of the company's stock, valued at $5,796,275.10. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

City Trading Down 1.0%

Shares of NASDAQ:CHCO traded down $1.25 during trading on Tuesday, reaching $125.41. The stock had a trading volume of 96,136 shares, compared to its average volume of 82,402. The firm's fifty day moving average is $121.90 and its 200 day moving average is $118.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.81. City Holding Company has a 52 week low of $102.22 and a 52 week high of $137.28. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 15.09 and a beta of 0.54.

City (NASDAQ:CHCO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.32. The business had revenue of $78.16 million for the quarter, compared to analyst estimates of $76.10 million. City had a net margin of 31.35% and a return on equity of 16.30%. As a group, equities analysts forecast that City Holding Company will post 7.58 EPS for the current fiscal year.

City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.16 annualized dividend and a yield of 2.52%. City's payout ratio is 38.03%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC acquired a new position in City during the second quarter worth $2,249,000. Axxcess Wealth Management LLC lifted its position in shares of City by 0.4% during the second quarter. Axxcess Wealth Management LLC now owns 109,751 shares of the bank's stock valued at $13,436,000 after purchasing an additional 485 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of City during the second quarter valued at about $406,000. Inspire Investing LLC lifted its position in shares of City by 7.8% during the second quarter. Inspire Investing LLC now owns 3,167 shares of the bank's stock valued at $388,000 after purchasing an additional 228 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of City by 3.2% during the second quarter. KLP Kapitalforvaltning AS now owns 3,200 shares of the bank's stock valued at $392,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 72.43% of the company's stock.

Analyst Upgrades and Downgrades

CHCO has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of City from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. DA Davidson lifted their target price on shares of City from $128.00 to $137.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of City from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Hovde Group lifted their target price on shares of City from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $133.25.

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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