9,541 Shares in City Holding (NASDAQ:CHCO) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in City Holding (NASDAQ:CHCO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,541 shares of the bank's stock, valued at approximately $1,130,000. ExodusPoint Capital Management LP owned approximately 0.06% of City as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in shares of City by 710.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 462 shares of the bank's stock worth $56,000 after acquiring an additional 405 shares during the last quarter. KBC Group NV grew its stake in shares of City by 60.3% during the fourth quarter. KBC Group NV now owns 843 shares of the bank's stock worth $100,000 after buying an additional 317 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of City by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,366 shares of the bank's stock valued at $162,000 after acquiring an additional 131 shares during the last quarter. Longboard Asset Management LP acquired a new stake in shares of City during the 4th quarter valued at $211,000. Finally, Apollon Wealth Management LLC acquired a new position in City in the 4th quarter worth about $227,000. Institutional investors and hedge funds own 72.43% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler decreased their price objective on City from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, January 24th.

City Trading Up 0.3 %

Shares of NASDAQ:CHCO traded up $0.29 during mid-day trading on Wednesday, hitting $112.67. The company had a trading volume of 4,175 shares, compared to its average volume of 59,476. The company has a market capitalization of $1.66 billion, a PE ratio of 14.23 and a beta of 0.48. City Holding has a one year low of $97.50 and a one year high of $137.28. The firm has a fifty day moving average price of $116.44 and a 200 day moving average price of $120.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82.

City (NASDAQ:CHCO - Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. As a group, research analysts forecast that City Holding will post 7.58 EPS for the current year.

City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.16 annualized dividend and a yield of 2.80%. City's payout ratio is 40.05%.

Insider Activity

In other news, CFO David L. Bumgarner sold 556 shares of City stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $120.00, for a total value of $66,720.00. Following the completion of the transaction, the chief financial officer now owns 9,395 shares in the company, valued at $1,127,400. This trade represents a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles W. Fairchilds sold 500 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $120.50, for a total value of $60,250.00. Following the sale, the director now owns 1,014 shares in the company, valued at approximately $122,187. The trade was a 33.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,226 shares of company stock worth $147,200 over the last three months. 2.45% of the stock is currently owned by insiders.

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.