City Holding (NASDAQ:CHCO) Director Tracy W. Hylton II Acquires 115 Shares of Stock

City Holding (NASDAQ:CHCO – Get Rating) Director Tracy W. Hylton II purchased 115 shares of the stock in a transaction dated Monday, January 23rd. The stock was purchased at an average price of $89.56 per share, for a total transaction of $10,299.40. Following the completion of the acquisition, the director now directly owns 57,910 shares in the company, valued at approximately $5,186,419.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

City Stock Down 0.2 %

Shares of City stock opened at $89.37 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 14.21 and a beta of 0.57. The company has a 50 day moving average price of $94.90 and a 200 day moving average price of $91.26. City Holding has a 52 week low of $73.40 and a 52 week high of $103.00.

City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, January 12th. City’s payout ratio is currently 41.34%.

Hedge Funds Weigh In On City

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of City by 0.4% in the 3rd quarter. BlackRock Inc. now owns 2,194,713 shares of the bank’s stock valued at $194,649,000 after purchasing an additional 9,252 shares during the last quarter. Vanguard Group Inc. raised its position in shares of City by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,694,197 shares of the bank’s stock valued at $150,258,000 after purchasing an additional 21,989 shares during the last quarter. State Street Corp raised its position in City by 6.7% during the 1st quarter. State Street Corp now owns 669,109 shares of the bank’s stock worth $52,659,000 after buying an additional 42,197 shares during the last quarter. Macquarie Group Ltd. raised its position in City by 1.4% during the 3rd quarter. Macquarie Group Ltd. now owns 624,830 shares of the bank’s stock worth $55,428,000 after buying an additional 8,736 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in City by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 515,908 shares of the bank’s stock worth $40,602,000 after buying an additional 5,088 shares during the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of City from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th.

About City

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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.