Dimensional Fund Advisors LP Boosts Stake in City Holding Company (CHCO)
Dimensional Fund Advisors LP increased its position in shares of City Holding Company (NASDAQ:CHCO) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 692,703 shares of the company’s stock after buying an additional 8,745 shares during the period. Dimensional Fund Advisors LP’s holdings in City Holding Company were worth $46,827,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in City Holding Company by 8.7% in the fourth quarter. State Street Corp now owns 427,696 shares of the company’s stock worth $28,915,000 after buying an additional 34,302 shares during the last quarter. Comerica Bank increased its stake in City Holding Company by 5.7% in the fourth quarter. Comerica Bank now owns 15,936 shares of the company’s stock worth $1,047,000 after buying an additional 853 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in City Holding Company during the fourth quarter worth $961,000. Citadel Advisors LLC bought a new stake in City Holding Company during the third quarter worth $1,190,000. Finally, Schroder Investment Management Group increased its stake in City Holding Company by 8.8% in the third quarter. Schroder Investment Management Group now owns 6,450 shares of the company’s stock worth $324,000 after buying an additional 522 shares during the last quarter. 61.13% of the stock is currently owned by institutional investors.
City Holding Company (NASDAQ:CHCO) opened at 65.07 on Tuesday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 18.86 and a beta of 0.81. City Holding Company has a one year low of $42.98 and a one year high of $69.09. The stock has a 50 day moving average price of $65.77 and a 200 day moving average price of $59.71.
City Holding Company (NASDAQ:CHCO) last posted its quarterly earnings data on Thursday, January 19th. The company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.10. City Holding Company had a net margin of 27.20% and a return on equity of 12.16%. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, equities analysts predict that City Holding Company will post $3.41 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on the company. DA Davidson assumed coverage on City Holding Company in a report on Monday, March 6th. They set a “neutral” rating and a $68.00 price objective on the stock. Zacks Investment Research raised City Holding Company from a “sell” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, February 21st.
About City Holding Company
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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