Dupree Financial Group LLC Acquires Shares of 10,566 City Holding (NASDAQ:CHCO)

Dupree Financial Group LLC acquired a new stake in shares of City Holding (NASDAQ:CHCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,566 shares of the bank's stock, valued at approximately $1,165,000. City makes up 0.6% of Dupree Financial Group LLC's investment portfolio, making the stock its 27th biggest holding. Dupree Financial Group LLC owned 0.07% of City at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in City by 4.6% during the first quarter. BlackRock Inc. now owns 2,207,372 shares of the bank's stock valued at $200,606,000 after purchasing an additional 97,296 shares in the last quarter. Vanguard Group Inc. increased its position in City by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,694,197 shares of the bank's stock worth $150,258,000 after purchasing an additional 21,989 shares during the last quarter. State Street Corp increased its position in City by 4.5% in the second quarter. State Street Corp now owns 679,612 shares of the bank's stock worth $61,158,000 after purchasing an additional 29,195 shares during the last quarter. Macquarie Group Ltd. increased its position in City by 2.5% in the first quarter. Macquarie Group Ltd. now owns 561,274 shares of the bank's stock worth $51,009,000 after purchasing an additional 13,496 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in City by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 515,908 shares of the bank's stock worth $40,602,000 after purchasing an additional 5,088 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Charles W. Fairchilds sold 600 shares of the business's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $106.00, for a total transaction of $63,600.00. Following the completion of the sale, the director now directly owns 2,014 shares of the company's stock, valued at $213,484. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John A. Derito sold 1,309 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $101.25, for a total value of $132,536.25. Following the completion of the sale, the executive vice president now directly owns 28,620 shares of the company's stock, valued at $2,897,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles W. Fairchilds sold 600 shares of the company's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $106.00, for a total transaction of $63,600.00. Following the completion of the sale, the director now directly owns 2,014 shares of the company's stock, valued at $213,484. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,808 shares of company stock valued at $1,094,935. 2.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHCO has been the topic of several research reports. Stephens boosted their price target on shares of City from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 25th. Piper Sandler boosted their price target on shares of City from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st.

City Trading Up 3.0 %

CHCO stock traded up $3.03 during mid-day trading on Friday, reaching $103.01. 68,393 shares of the stock traded hands, compared to its average volume of 53,259. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.81. City Holding has a one year low of $82.53 and a one year high of $115.89. The stock has a market capitalization of $1.53 billion, a PE ratio of 13.54 and a beta of 0.51. The business has a 50-day moving average price of $101.59 and a two-hundred day moving average price of $100.88.

City (NASDAQ:CHCO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.90 by ($0.06). The firm had revenue of $86.10 million for the quarter, compared to the consensus estimate of $72.50 million. City had a net margin of 33.31% and a return on equity of 18.62%. Equities research analysts expect that City Holding will post 7.43 EPS for the current year.

City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, April 12th. City's dividend payout ratio is currently 37.58%.

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.