Carolina Wealth Advisors LLC Sells 2,128 Shares of City Holding (NASDAQ:CHCO)

Carolina Wealth Advisors LLC lowered its holdings in shares of City Holding (NASDAQ:CHCO) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,591 shares of the bank’s stock after selling 2,128 shares during the period. City comprises about 2.8% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Carolina Wealth Advisors LLC owned 0.32% of City worth $5,469,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of City by 95.8% during the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock valued at $25,000 after purchasing an additional 113 shares during the period. nVerses Capital LLC purchased a new stake in City during the 3rd quarter valued at $59,000. Bessemer Group Inc. grew its holdings in City by 90.7% in the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock worth $132,000 after acquiring an additional 604 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of City during the first quarter valued at about $180,000. Finally, Intech Investment Management LLC bought a new position in shares of City during the second quarter valued at about $208,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Insider Transactions at City

In related news, Director James L. Rossi sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now directly owns 18,233 shares of the company’s stock, valued at $2,096,795. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other City news, CEO Charles R. Hageboeck sold 7,244 shares of City stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $123.62, for a total value of $895,503.28. Following the completion of the transaction, the chief executive officer now directly owns 45,974 shares of the company’s stock, valued at approximately $5,683,305.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Rossi sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the director now directly owns 18,233 shares in the company, valued at $2,096,795. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,413 shares of company stock valued at $1,149,561. Corporate insiders own 2.45% of the company’s stock.

City Trading Down 2.3 %

Shares of NASDAQ CHCO traded down $2.72 during trading hours on Monday, hitting $116.56. The company’s stock had a trading volume of 11,956 shares, compared to its average volume of 57,051. The business has a 50-day simple moving average of $116.63 and a 200-day simple moving average of $110.09. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.00 and a beta of 0.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 0.80. City Holding has a 12 month low of $86.56 and a 12 month high of $125.54.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. The firm had revenue of $94.90 million for the quarter, compared to analyst estimates of $73.20 million. City had a return on equity of 17.42% and a net margin of 32.12%. On average, analysts anticipate that City Holding will post 7.73 earnings per share for the current fiscal year.

City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.79 per share. This is an increase from City’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.71%. City’s dividend payout ratio is 39.75%.

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.