Dimensional Fund Advisors LP Increases Stake in City Holding Company $CHCO

Dimensional Fund Advisors LP raised its holdings in shares of City Holding Company (NASDAQ:CHCO) by 1.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 470,344 shares of the bank’s stock after purchasing an additional 8,992 shares during the period. Dimensional Fund Advisors LP’s holdings in City were worth $56,217,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CHCO. First Horizon Corp grew its position in shares of City by 146.0% in the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after buying an additional 146 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of City in the 4th quarter worth $29,000. Quarry LP acquired a new stake in shares of City in the 3rd quarter worth $32,000. Simplex Trading LLC purchased a new position in City during the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. increased its position in City by 113.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock valued at $46,000 after buying an additional 198 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHCO shares. Hovde Group raised their price target on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $136.50.

City Price Performance

Shares of NASDAQ CHCO opened at $145.11 on Friday. The business’s 50 day moving average price is $132.08 and its 200 day moving average price is $126.07. The firm has a market cap of $2.05 billion, a P/E ratio of 15.88 and a beta of 0.49. City Holding Company has a 52 week low of $113.21 and a 52 week high of $146.66. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.38%. On average, sell-side analysts expect that City Holding Company will post 9.29 earnings per share for the current year.

City Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 15th. City’s dividend payout ratio is presently 38.07%.

Insiders Place Their Bets

In other City news, CFO David L. Bumgarner sold 1,161 shares of City stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $124.50, for a total transaction of $144,544.50. Following the completion of the transaction, the chief financial officer owned 10,666 shares in the company, valued at approximately $1,327,917. This trade represents a 9.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeffrey Dale Legge sold 1,309 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $125.00, for a total value of $163,625.00. Following the completion of the sale, the executive vice president owned 7,656 shares in the company, valued at $957,000. The trade was a 14.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 544 shares of company stock valued at $71,900 and have sold 10,020 shares valued at $1,339,923. 1.75% of the stock is owned by insiders.

City 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.