City Holding (NASDAQ:CHCO - Get Free Report) CAO Jeffrey Dale Legge sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $105.02, for a total value of $262,550.00. Following the transaction, the chief accounting officer now directly owns 7,194 shares in the company, valued at $755,513.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
City Stock Down 0.3 %
CHCO traded down $0.29 during midday trading on Friday, reaching $104.47. 60,433 shares of the company were exchanged, compared to its average volume of 61,886. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. The company's fifty day moving average price is $101.95 and its 200 day moving average price is $101.51. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 13.13 and a beta of 0.50. City Holding has a one year low of $82.53 and a one year high of $115.89.
City Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Friday, April 12th. City's dividend payout ratio is currently 35.97%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Hovde Group upped their price target on City from $110.00 to $113.00 and gave the stock a "market perform" rating in a research note on Thursday. Stephens dropped their price target on City from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $110.00 price target (up from $100.00) on shares of City in a research note on Thursday, April 25th. Finally, Piper Sandler upped their price target on City from $103.00 to $105.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $106.75.
Read Our Latest Research Report on City
Institutional Trading of City
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of City in the fourth quarter valued at approximately $10,953,000. Axxcess Wealth Management LLC grew its holdings in shares of City by 577.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 108,268 shares of the bank's stock valued at $11,938,000 after acquiring an additional 92,276 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of City by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 397,782 shares of the bank's stock valued at $35,940,000 after acquiring an additional 16,123 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of City in the first quarter valued at approximately $1,133,000. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of City by 215.1% in the first quarter. McKinley Carter Wealth Services Inc. now owns 16,141 shares of the bank's stock valued at $1,682,000 after acquiring an additional 11,019 shares in the last quarter. 72.43% of the stock is owned by institutional investors.
About City
(
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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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