Tudor Investment Corp ET AL Has $5 Million Stock Holdings in City Holding (NASDAQ:CHCO)

Tudor Investment Corp ET AL raised its position in shares of City Holding (NASDAQ:CHCO - Free Report) by 117.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,159 shares of the bank's stock after purchasing an additional 22,741 shares during the quarter. Tudor Investment Corp ET AL owned 0.29% of City worth $4,995,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in City by 781.3% during the 4th quarter. Sterling Capital Management LLC now owns 423 shares of the bank's stock worth $50,000 after purchasing an additional 375 shares during the period. Smartleaf Asset Management LLC increased its stake in City by 710.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the bank's stock valued at $56,000 after purchasing an additional 405 shares in the last quarter. KBC Group NV raised its stake in City by 60.3% in the 4th quarter. KBC Group NV now owns 843 shares of the bank's stock worth $100,000 after acquiring an additional 317 shares during the last quarter. PNC Financial Services Group Inc. raised its position in City by 10.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,366 shares of the bank's stock worth $162,000 after buying an additional 131 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in City during the fourth quarter valued at approximately $211,000. Institutional investors own 72.43% of the company's stock.

City Stock Up 1.4 %

Shares of City stock traded up $1.62 on Wednesday, reaching $118.07. 5,225 shares of the company were exchanged, compared to its average volume of 59,519. The stock's 50 day moving average price is $115.66 and its 200-day moving average price is $120.03. 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 1-year low of $99.63 and a 1-year high of $137.28. The company has a market cap of $1.74 billion, a P/E ratio of 14.96 and a beta of 0.52.

City (NASDAQ:CHCO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.22. The business had revenue of $74.55 million during the quarter, compared to analysts' expectations of $73.28 million. City had a net margin of 30.83% and a return on equity of 16.49%. As a group, equities analysts forecast that City Holding will post 7.58 EPS for the current year.

City Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Tuesday, April 15th. City's dividend payout ratio (DPR) is presently 39.60%.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their target price on shares of City from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Friday, January 24th.

Insider Buying and Selling

In related news, Director Charles W. Fairchilds sold 500 shares of City stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $120.50, for a total value of $60,250.00. Following the sale, the director now directly owns 1,014 shares in the company, valued at $122,187. This trade represents a 33.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David L. Bumgarner sold 441 shares of City stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $118.00, for a total value of $52,038.00. Following the sale, the chief financial officer now directly owns 10,195 shares in the company, valued at $1,203,010. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,569 shares of company stock worth $420,070 over the last 90 days. 1.87% of the stock is owned by insiders.

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.