City Holding (NASDAQ:CHCO) EVP Michael T. Quinlan, Jr. Sells 1,850 Shares

City Holding (NASDAQ:CHCO – Get Rating) EVP Michael T. Quinlan, Jr. sold 1,850 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $79.59, for a total transaction of $147,241.50. Following the transaction, the executive vice president now directly owns 4,950 shares of the company’s stock, valued at approximately $393,970.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:CHCO traded down $0.06 on Wednesday, hitting $79.31. 832 shares of the company were exchanged, compared to its average volume of 71,383. The company’s 50 day moving average price is $78.32 and its two-hundred day moving average price is $80.03. City Holding has a one year low of $71.61 and a one year high of $86.30. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 13.71 and a beta of 0.56.

City (NASDAQ:CHCO – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.16. City had a net margin of 38.11% and a return on equity of 13.31%. As a group, equities analysts expect that City Holding will post 5.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 15th were paid a $0.60 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.03%. City’s payout ratio is currently 41.17%.

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of City in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of City from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Thursday, March 31st.

A number of hedge funds and other institutional investors have recently bought and sold shares of CHCO. First Trust Advisors LP increased its stake in City by 59.2% in the first quarter. First Trust Advisors LP now owns 45,740 shares of the bank’s stock valued at $3,485,000 after acquiring an additional 17,002 shares during the period. Morgan Stanley grew its stake in City by 36.4% during the second quarter. Morgan Stanley now owns 70,092 shares of the bank’s stock worth $5,274,000 after buying an additional 18,708 shares during the last quarter. SG Americas Securities LLC bought a new stake in City during the third quarter worth about $445,000. Victory Capital Management Inc. grew its stake in City by 15.2% during the third quarter. Victory Capital Management Inc. now owns 7,512 shares of the bank’s stock worth $585,000 after buying an additional 989 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in City during the third quarter worth about $592,000. 64.12% of the stock is currently owned by institutional investors and hedge funds.

City Company Profile (Get Rating)

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.

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