Thrivent Financial for Lutherans Has $1.42 Million Stock Holdings in City Holding (NASDAQ:CHCO)

Thrivent Financial for Lutherans lessened its stake in shares of City Holding (NASDAQ:CHCO – Get Rating) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,239 shares of the bank’s stock after selling 117 shares during the period. Thrivent Financial for Lutherans owned 0.10% of City worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its stake in shares of City by 87.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 186,570 shares of the bank’s stock worth $17,368,000 after acquiring an additional 86,793 shares during the last quarter. State Street Corp grew its stake in shares of City by 6.7% in the first quarter. State Street Corp now owns 669,109 shares of the bank’s stock worth $52,659,000 after acquiring an additional 42,197 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of City by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,694,197 shares of the bank’s stock worth $150,258,000 after acquiring an additional 21,989 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of City by 38.7% in the second quarter. Goldman Sachs Group Inc. now owns 78,298 shares of the bank’s stock worth $6,254,000 after acquiring an additional 21,847 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of City by 6.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 311,051 shares of the bank’s stock worth $24,480,000 after acquiring an additional 18,469 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

City Price Performance

Shares of CHCO stock opened at $88.30 on Monday. The stock has a market cap of $1.33 billion, a P/E ratio of 12.58 and a beta of 0.55. City Holding has a one year low of $76.90 and a one year high of $103.00. The stock has a fifty day moving average price of $90.02 and a 200 day moving average price of $93.87.

City (NASDAQ:CHCO – Get Rating) last issued its earnings results on Tuesday, April 25th. The bank reported $2.03 EPS for the quarter, topping the consensus estimate of $1.82 by $0.21. The firm had revenue of $72.45 million during the quarter, compared to analysts’ expectations of $68.85 million. City had a return on equity of 18.66% and a net margin of 36.69%. Equities research analysts anticipate that City Holding will post 7.5 EPS for the current year.

City Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, April 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.94%. City’s payout ratio is presently 37.04%.

Insider Buying and Selling at City

In other City news, CAO Jeffrey Dale Legge sold 840 shares of City stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $90.00, for a total transaction of $75,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,893 shares of the company’s stock, valued at $710,370. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other City news, CAO Jeffrey Dale Legge sold 840 shares of City stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $90.00, for a total transaction of $75,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,893 shares of the company’s stock, valued at $710,370. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael T. Quinlan, Jr. sold 1,550 shares of City stock in a transaction on Friday, May 5th. The shares were sold at an average price of $91.37, for a total value of $141,623.50. Following the transaction, the executive vice president now directly owns 3,400 shares of the company’s stock, valued at $310,658. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,450 shares of company stock valued at $1,011,716. 2.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CHCO shares. Piper Sandler started coverage on shares of City in a research note on Thursday, April 6th. They issued a “neutral” rating on the stock. StockNews.com initiated coverage on shares of City in a research note on Thursday. They issued a “sell” rating on the stock. Finally, Stephens initiated coverage on City in a research report on Monday, April 3rd. They issued an “equal weight” rating and a $89.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.33.

City Profile

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City Holding Co is a financial holding company, which engages in the provision of financial and community banking services. Its products produced and services rendered by City National include Commercial Banking, Consumer Banking, Mortgage Banking, and Wealth Management and Trust Services. The company was founded on March 12, 1982 and is headquartered in Charleston, WV.