City Holding (NASDAQ:CHCO) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of City Holding (NASDAQ:CHCO) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,539 shares of the bank’s stock after acquiring an additional 513 shares during the period. Victory Capital Management Inc. owned about 0.06% of City worth $907,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in City by 95.8% during the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock worth $25,000 after purchasing an additional 113 shares during the period. Bessemer Group Inc. grew its holdings in shares of City by 90.7% in the first quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock valued at $132,000 after purchasing an additional 604 shares in the last quarter. SG Americas Securities LLC purchased a new stake in City during the 1st quarter worth approximately $180,000. Commonwealth Equity Services LLC lifted its holdings in City by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,126 shares of the bank’s stock worth $226,000 after buying an additional 91 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in City by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 2,955 shares of the bank’s stock valued at $308,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

City Stock Down 2.7 %

City stock opened at $119.09 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 14.98 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. City Holding has a twelve month low of $86.56 and a twelve month high of $125.54. The stock’s fifty day simple moving average is $117.10 and its 200-day simple moving average is $107.95.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.08. City had a return on equity of 17.42% and a net margin of 32.12%. The company had revenue of $94.90 million for the quarter, compared to analyst estimates of $73.20 million. As a group, equities analysts expect that City Holding will post 7.73 earnings per share for the current fiscal year.

Insider Activity at City

In other City news, Director J. Thomas Jones sold 569 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $122.47, for a total value of $69,685.43. Following the sale, the director now directly owns 4,411 shares of the company’s stock, valued at approximately $540,215.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director J. Thomas Jones sold 569 shares of City stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $122.47, for a total transaction of $69,685.43. Following the completion of the sale, the director now directly owns 4,411 shares of the company’s stock, valued at approximately $540,215.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles R. Hageboeck sold 7,244 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $123.62, for a total transaction of $895,503.28. Following the transaction, the chief executive officer now owns 45,974 shares of the company’s stock, valued at approximately $5,683,305.88. The disclosure for this sale can be found here. Insiders have sold a total of 9,413 shares of company stock valued at $1,149,561 over the last 90 days. 2.45% of the stock is owned by corporate insiders.

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.