2,777 Shares in City Holding Company (NASDAQ:CHCO) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of City Holding Company (NASDAQ:CHCO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,777 shares of the bank's stock, valued at approximately $326,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of City by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,498 shares of the bank's stock worth $1,481,000 after acquiring an additional 893 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of City by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank's stock worth $65,253,000 after acquiring an additional 22,226 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of City by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 78,010 shares of the bank's stock worth $9,243,000 after acquiring an additional 2,726 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of City by 13,747.8% during the first quarter. GAMMA Investing LLC now owns 37,943 shares of the bank's stock worth $4,457,000 after acquiring an additional 37,669 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of City by 2.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,247 shares of the bank's stock worth $977,000 after acquiring an additional 235 shares in the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at City

In other news, CFO David L. Bumgarner sold 1,058 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $118.00, for a total value of $124,844.00. Following the sale, the chief financial officer now directly owns 10,636 shares of the company's stock, valued at approximately $1,255,048. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James M. Parsons purchased 2,200 shares of the stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $122.38 per share, for a total transaction of $269,236.00. Following the completion of the transaction, the director now owns 2,700 shares of the company's stock, valued at $330,426. The trade was a 440.00% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,899 shares of company stock worth $339,590 over the last three months. Corporate insiders own 1.87% of the company's stock.

City Stock Up 0.4%

Shares of NASDAQ:CHCO traded up $0.45 during midday trading on Friday, hitting $123.25. 359,310 shares of the stock were exchanged, compared to its average volume of 61,680. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.83. City Holding Company has a 52-week low of $102.22 and a 52-week high of $137.28. The business's fifty day simple moving average is $118.46 and its two-hundred day simple moving average is $118.00. The company has a market capitalization of $1.78 billion, a PE ratio of 15.44 and a beta of 0.54.

City (NASDAQ:CHCO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.22. City had a return on equity of 16.15% and a net margin of 30.62%. The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $73.28 million. As a group, research analysts predict that City Holding Company will post 7.58 earnings per share for the current fiscal year.

City Dividend Announcement

The business also recently announced 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 is Tuesday, July 15th. This represents a $3.16 annualized dividend and a yield of 2.56%. City's dividend payout ratio (DPR) is currently 39.60%.

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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.