Schwab Charles Investment Management Inc. boosted its position in shares of City Holding Company (NASDAQ:CHCO) by 5.3% during the first quarter, Holdings Channel reports. The firm owned 64,428 shares of the bank’s stock after buying an additional 3,237 shares during the period. Schwab Charles Investment Management Inc.’s holdings in City Holding were worth $4,155,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CHCO. Miles Capital Inc. raised its stake in City Holding by 0.3% in the first quarter. Miles Capital Inc. now owns 3,262 shares of the bank’s stock valued at $210,000 after buying an additional 10 shares during the last quarter. State of Alaska Department of Revenue raised its stake in City Holding by 6.2% in the first quarter. State of Alaska Department of Revenue now owns 1,720 shares of the bank’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Capital One National Association raised its stake in City Holding by 1.1% in the first quarter. Capital One National Association now owns 11,169 shares of the bank’s stock valued at $720,000 after buying an additional 119 shares during the last quarter. Alpha Omega Wealth Management LLC raised its stake in City Holding by 5.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 4,356 shares of the bank’s stock valued at $281,000 after buying an additional 222 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in City Holding by 5.0% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the bank’s stock valued at $406,000 after buying an additional 300 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

City Holding Company (NASDAQ:CHCO) traded up 0.93% during mid-day trading on Tuesday, reaching $62.99. The company had a trading volume of 12,271 shares. The company has a market capitalization of $983.71 million, a P/E ratio of 16.48 and a beta of 0.84. The stock has a 50 day moving average price of $65.37 and a 200 day moving average price of $65.65. City Holding Company has a one year low of $47.88 and a one year high of $74.90.

City Holding (NASDAQ:CHCO) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. City Holding had a net margin of 29.07% and a return on equity of 12.62%. The business had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $46.45 million. During the same quarter last year, the firm earned $0.83 EPS. On average, equities analysts expect that City Holding Company will post $3.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.76 annualized dividend and a yield of 2.82%. City Holding’s payout ratio is 45.95%.

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Several analysts recently issued reports on the company. BidaskClub upgraded City Holding from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded City Holding from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, April 21st. Finally, ValuEngine upgraded City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.33.

In related news, CAO Jeffrey Dale Legge sold 1,579 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $65.60, for a total value of $103,582.40. Following the transaction, the chief accounting officer now owns 9,246 shares of the company’s stock, valued at approximately $606,537.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Craig G. Stilwell sold 7,931 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $64.85, for a total transaction of $514,325.35. Following the completion of the transaction, the executive vice president now directly owns 26,865 shares in the company, valued at approximately $1,742,195.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,586 shares of company stock worth $1,726,691. 3.88% of the stock is owned by insiders.

City Holding Company Profile

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). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

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Institutional Ownership by Quarter for City Holding (NASDAQ:CHCO)

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