Westwood Holdings Group Inc. Sells 3,720 Shares of City Holding (NASDAQ:CHCO)

Westwood Holdings Group Inc. cut its position in City Holding (NASDAQ:CHCO) by 0.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 610,791 shares of the bank’s stock after selling 3,720 shares during the period. Westwood Holdings Group Inc. owned approximately 4.14% of City worth $64,897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHCO. Norges Bank bought a new position in City in the 4th quarter valued at approximately $10,953,000. Alpha DNA Investment Management LLC purchased a new stake in shares of City during the fourth quarter valued at $531,000. Campbell & CO Investment Adviser LLC increased its holdings in City by 74.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,761 shares of the bank’s stock worth $525,000 after buying an additional 2,032 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in City by 73.8% in the 4th quarter. Rafferty Asset Management LLC now owns 15,505 shares of the bank’s stock worth $1,710,000 after buying an additional 6,583 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in City during the 4th quarter valued at about $599,000. Institutional investors own 72.43% of the company’s stock.

City Stock Performance

Shares of CHCO stock opened at $119.09 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 14.98 and a beta of 0.47. The company has a 50 day moving average price of $117.27 and a 200-day moving average price of $108.06. City Holding has a 52 week low of $86.56 and a 52 week high of $125.54. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.22.

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

Insider Transactions at City

In related news, CEO Charles R. Hageboeck sold 7,244 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $123.62, for a total transaction of $895,503.28. Following the completion of the sale, the chief executive officer now directly owns 45,974 shares in the company, valued at $5,683,305.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other City news, CEO Charles R. Hageboeck sold 7,244 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $123.62, for a total value of $895,503.28. Following the completion of the sale, the chief executive officer now owns 45,974 shares in the company, valued at $5,683,305.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J. Thomas Jones sold 569 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $122.47, for a total value of $69,685.43. Following the completion of the transaction, the director now directly owns 4,411 shares in the company, valued at approximately $540,215.17. The disclosure for this sale can be found here. Insiders have sold 9,413 shares of company stock worth $1,149,561 in the last quarter. Company insiders own 2.45% of the company’s stock.

City 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.