City Holding (NASDAQ:CHCO) EVP Michael T. Quinlan, Jr. Sells 1,773 Shares

City Holding (NASDAQ:CHCO) EVP Michael T. Quinlan, Jr. sold 1,773 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $104.74, for a total value of $185,704.02. Following the completion of the transaction, the executive vice president now owns 3,400 shares of the company’s stock, valued at $356,116. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

City Price Performance

Shares of CHCO stock opened at $102.86 on Tuesday. The stock’s fifty day moving average is $101.82 and its 200-day moving average is $101.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $1.53 billion, a PE ratio of 12.94 and a beta of 0.51. City Holding has a 52 week low of $82.53 and a 52 week high of $115.89.

City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, April 12th. City’s payout ratio is presently 35.97%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHCO. Piper Sandler increased their price objective on City from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Stephens dropped their price objective on City from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $110.00 price objective (up from $100.00) on shares of City in a research note on Thursday, April 25th.

Institutional Trading of City

Several large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in shares of City by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 397,782 shares of the bank’s stock worth $35,940,000 after purchasing an additional 16,123 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of City by 577.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 108,268 shares of the bank’s stock worth $11,938,000 after purchasing an additional 92,276 shares during the last quarter. Norges Bank bought a new stake in shares of City during the fourth quarter worth $10,953,000. Principal Financial Group Inc. grew its holdings in shares of City by 1.2% during the first quarter. Principal Financial Group Inc. now owns 83,542 shares of the bank’s stock worth $8,707,000 after purchasing an additional 999 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of City by 4.4% during the third quarter. American Century Companies Inc. now owns 69,998 shares of the bank’s stock worth $6,324,000 after purchasing an additional 2,924 shares during the last quarter. 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.