Tracy W. Hylton II Buys 189 Shares of City Holding (NASDAQ:CHCO) Stock

City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II bought 189 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $97.73 per share, for a total transaction of $18,470.97. Following the transaction, the director now owns 59,834 shares of the company’s stock, valued at $5,847,576.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

City Stock Performance

City stock traded up $1.02 during mid-day trading on Thursday, hitting $99.72. The company had a trading volume of 13,635 shares, compared to its average volume of 60,976. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. City Holding has a 12-month low of $82.53 and a 12-month high of $115.89. The company’s fifty day moving average is $101.56 and its 200-day moving average is $100.66. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.02 and a beta of 0.51.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.84 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.06). City had a return on equity of 18.62% and a net margin of 33.31%. The company had revenue of $86.10 million during the quarter, compared to analysts’ expectations of $72.50 million. Equities research analysts predict that City Holding will post 7.43 EPS for the current year.

City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.715 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.86 annualized dividend and a yield of 2.87%. City’s dividend payout ratio is presently 37.58%.

Analysts Set New Price Targets

CHCO has been the topic of a number of recent research reports. Stephens upped their target price on City from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Piper Sandler upped their target price on City from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st.

Institutional Investors Weigh In On City

Hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in City in the 1st quarter worth approximately $27,000. Quantbot Technologies LP raised its stake in shares of City by 141.0% during the 2nd quarter. Quantbot Technologies LP now owns 453 shares of the bank’s stock worth $36,000 after buying an additional 265 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in shares of City during the 4th quarter worth approximately $38,000. Point72 Hong Kong Ltd acquired a new position in shares of City during the 2nd quarter worth approximately $46,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of City by 80.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank’s stock worth $52,000 after buying an additional 292 shares during the period. Hedge funds and other institutional investors own 72.43% of the company’s stock.

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.