BNP Paribas Financial Markets Has $1.01 Million Holdings in City Holding (NASDAQ:CHCO)

BNP Paribas Financial Markets boosted its stake in City Holding (NASDAQ:CHCO - Free Report) by 56.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,484 shares of the bank's stock after buying an additional 3,054 shares during the period. BNP Paribas Financial Markets owned 0.06% of City worth $1,005,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of City by 24.2% during the fourth quarter. JPMorgan Chase & Co. now owns 262,243 shares of the bank's stock valued at $31,071,000 after purchasing an additional 51,055 shares during the period. Norges Bank acquired a new position in shares of City during the fourth quarter valued at $5,203,000. Tudor Investment Corp ET AL increased its holdings in shares of City by 117.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 42,159 shares of the bank's stock valued at $4,995,000 after purchasing an additional 22,741 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $65,253,000 after purchasing an additional 22,226 shares during the period. Finally, Barclays PLC increased its holdings in shares of City by 125.3% during the third quarter. Barclays PLC now owns 28,845 shares of the bank's stock valued at $3,385,000 after purchasing an additional 16,044 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David L. Bumgarner sold 441 shares of City stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $118.00, for a total transaction of $52,038.00. Following the transaction, the chief financial officer now directly owns 10,195 shares of the company's stock, valued at $1,203,010. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Parsons purchased 2,200 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $122.38 per share, with a total value of $269,236.00. Following the transaction, the director now directly owns 2,700 shares in the company, valued at $330,426. This trade represents a 440.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,069 shares of company stock valued at $359,820 over the last three months. Company insiders own 1.87% of the company's stock.

City Stock Performance

Shares of CHCO traded down $0.65 during trading hours on Monday, reaching $118.16. 48,063 shares of the company's stock traded hands, compared to its average volume of 59,568. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.98 and a beta of 0.52. 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 Holding has a twelve month low of $99.63 and a twelve month high of $137.28. The business's fifty day simple moving average is $116.69 and its two-hundred day simple moving average is $120.10.

City (NASDAQ:CHCO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.22. The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $73.28 million. City had a return on equity of 16.49% and a net margin of 30.83%. Analysts predict that City Holding will post 7.58 earnings per share for the current year.

City Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, April 15th. City's payout ratio 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.