City Holding (NASDAQ:CHCO) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of City Holding (NASDAQ:CHCO) by 211.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the bank’s stock after acquiring an additional 3,800 shares during the period. Two Sigma Advisers LP’s holdings in City were worth $663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHCO. Barclays PLC grew its holdings in City by 125.3% during the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank’s stock worth $3,385,000 after acquiring an additional 16,044 shares in the last quarter. KBC Group NV lifted its position in shares of City by 60.3% during the 4th quarter. KBC Group NV now owns 843 shares of the bank’s stock worth $100,000 after buying an additional 317 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of City by 4.1% during the 4th quarter. DAVENPORT & Co LLC now owns 4,426 shares of the bank’s stock worth $524,000 after buying an additional 176 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of City during the 4th quarter worth approximately $211,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of City by 18.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,641 shares of the bank’s stock worth $1,289,000 after buying an additional 1,639 shares during the last quarter. Institutional investors and hedge funds own 72.43% of the company’s stock.

Insider Transactions at City

In related news, EVP Michael T. Quinlan, Jr. sold 1,400 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $116.22, for a total value of $162,708.00. Following the completion of the sale, the executive vice president now owns 2,830 shares in the company, valued at $328,902.60. This represents a 33.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Bumgarner sold 441 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $118.00, for a total transaction of $52,038.00. Following the completion of the sale, the chief financial officer now owns 10,195 shares of the company’s stock, valued at approximately $1,203,010. This trade represents a 4.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,899 shares of company stock worth $339,590. 1.87% of the stock is currently owned by insiders.

City Stock Up 0.9%

Shares of NASDAQ:CHCO opened at $118.45 on Wednesday. The company has a market capitalization of $1.72 billion, a PE ratio of 15.01 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. City Holding has a twelve month low of $99.79 and a twelve month high of $137.28. The firm has a 50 day simple moving average of $116.62 and a 200-day simple moving average of $119.62.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.22. The business had revenue of $74.55 million during the quarter, compared to the consensus estimate of $73.28 million. City had a net margin of 30.83% and a return on equity of 16.49%. On average, equities analysts predict that City Holding will post 7.58 EPS for the current fiscal year.

City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.67%. City’s dividend payout ratio is presently 39.60%.

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.