City (NASDAQ:CHCO) Director Robert Fisher Buys 156 Shares of Stock

City Holding Company (NASDAQ:CHCOGet Free Report) Director Robert Fisher acquired 156 shares of City stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average cost of $134.55 per share, with a total value of $20,989.80. Following the purchase, the director owned 47,507 shares in the company, valued at $6,392,066.85. The trade was a 0.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Stock Up 0.6%

City stock traded up $0.81 during mid-day trading on Tuesday, hitting $144.71. 78,753 shares of the company’s stock were exchanged, compared to its average volume of 117,854. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.04 billion, a P/E ratio of 15.84 and a beta of 0.49. City Holding Company has a 1-year low of $113.21 and a 1-year high of $146.66. The stock has a 50 day moving average of $130.40 and a two-hundred day moving average of $125.46.

City (NASDAQ:CHCOGet Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. City had a return on equity of 16.38% and a net margin of 32.58%.The company had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. As a group, analysts anticipate that City Holding Company will post 8.99 EPS for the current fiscal year.

City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th. City’s dividend payout ratio (DPR) is presently 38.07%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL boosted its position in shares of City by 63.2% in the third quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock valued at $9,543,000 after acquiring an additional 29,828 shares during the period. Virtu Financial LLC bought a new position in City during the fourth quarter worth $1,353,000. Louisiana State Employees Retirement System acquired a new position in City during the 1st quarter valued at $765,000. Renaissance Technologies LLC raised its stake in City by 55.0% during the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock valued at $7,373,000 after purchasing an additional 21,898 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in City by 40.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,766 shares of the bank’s stock valued at $5,829,000 after purchasing an additional 13,976 shares during the period. 72.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHCO has been the subject of a number of recent analyst reports. Hovde Group upped their target price on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday. Weiss Ratings raised shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $136.50.

Get Our Latest Stock Report on City

About City

(Get Free Report)

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.

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Insider Buying and Selling by Quarter for City (NASDAQ:CHCO)

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