Robeco Institutional Asset Management B.V. Cuts Position in City Holding Company $CHCO

Robeco Institutional Asset Management B.V. lowered its position in shares of City Holding Company (NASDAQ:CHCO - Free Report) by 5.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 83,022 shares of the bank's stock after selling 4,447 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.57% of City worth $10,164,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its stake in City by 43.9% during the first quarter. CWM LLC now owns 282 shares of the bank's stock worth $33,000 after buying an additional 86 shares during the period. Bessemer Group Inc. lifted its holdings in shares of City by 69.7% during the 1st quarter. Bessemer Group Inc. now owns 280 shares of the bank's stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. GAMMA Investing LLC boosted its position in City by 69.0% during the 2nd quarter. GAMMA Investing LLC now owns 546 shares of the bank's stock worth $67,000 after purchasing an additional 223 shares during the period. Invesco Ltd. raised its position in City by 0.4% in the first quarter. Invesco Ltd. now owns 76,397 shares of the bank's stock valued at $8,974,000 after purchasing an additional 297 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of City by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,651 shares of the bank's stock worth $546,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 72.43% of the company's stock.

City Stock Performance

Shares of CHCO stock opened at $122.74 on Monday. The company has a market cap of $1.78 billion, a P/E ratio of 14.77 and a beta of 0.53. The business has a 50 day moving average of $124.89 and a two-hundred day moving average of $121.21. City Holding Company has a 52 week low of $102.22 and a 52 week high of $137.28. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.20.

City (NASDAQ:CHCO - Get Free Report) last announced its quarterly 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 the consensus estimate of $76.10 million. City had a return on equity of 16.30% and a net margin of 31.35%. As a group, analysts anticipate that City Holding Company will post 7.58 EPS for the current year.

City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.87 dividend. This is a boost from City's previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. City's dividend payout ratio is 38.03%.

Insider Transactions at City

In other City news, EVP Michael T. Quinlan, Jr. sold 1,000 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $131.12, for a total transaction of $131,120.00. Following the completion of the transaction, the executive vice president directly owned 1,830 shares of the company's stock, valued at $239,949.60. The trade was a 35.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey Dale Legge sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $131.06, for a total transaction of $327,650.00. Following the completion of the sale, the executive vice president owned 7,037 shares in the company, valued at $922,269.22. The trade was a 26.21% decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 305 shares of company stock valued at $38,750 over the last three months. 1.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHCO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on City from $125.00 to $135.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Zacks Research downgraded shares of City from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of City in a research report on Saturday, September 27th. DA Davidson upped their target price on shares of City from $128.00 to $137.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Hovde Group lifted their price target on shares of City from $130.00 to $136.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, City currently has a consensus rating of "Hold" and a consensus target price of $133.25.

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.

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