City (NASDAQ:CHCO) EVP Sells $152,568.90 in Stock

City Holding Company (NASDAQ:CHCO) EVP Michael Quinlan, Jr. sold 1,210 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $126.09, for a total transaction of $152,568.90. Following the completion of the sale, the executive vice president directly owned 3,314 shares in the company, valued at approximately $417,862.26. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

City Trading Up 0.5%

NASDAQ:CHCO opened at $123.58 on Friday. The firm’s fifty day moving average is $121.93 and its 200-day moving average is $122.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.82. City Holding Company has a 52 week low of $113.21 and a 52 week high of $133.59. The firm has a market cap of $1.78 billion, a P/E ratio of 13.61 and a beta of 0.50.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.03. City had a net margin of 32.72% and a return on equity of 16.58%. The company had revenue of $79.25 million for the quarter, compared to analyst estimates of $79.25 million. Equities analysts expect that City Holding Company will post 8.87 earnings per share for the current year.

City announced that its board has approved a share buyback plan on Wednesday, March 25th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

City Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 15th. City’s dividend payout ratio is currently 38.33%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHCO. Hovde Group upped their price objective on shares of City from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Tuesday. Piper Sandler upped their price objective on shares of City from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $134.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHCO. First Horizon Corp boosted its stake in City by 146.0% during the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Kestra Advisory Services LLC bought a new position in City during the fourth quarter worth $29,000. Quarry LP bought a new position in City during the third quarter worth $32,000. Simplex Trading LLC bought a new position in City during the fourth quarter worth $36,000. Finally, Geneos Wealth Management Inc. boosted its stake in City by 113.1% during the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after acquiring an additional 198 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.