Inspire Investing LLC Buys 222 Shares of City Holding (NASDAQ:CHCO)

Inspire Investing LLC boosted its position in City Holding (NASDAQ:CHCO) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,493 shares of the bank’s stock after buying an additional 222 shares during the period. Inspire Investing LLC’s holdings in City were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CHCO. Westwood Holdings Group Inc. increased its holdings in shares of City by 5.5% during the first quarter. Westwood Holdings Group Inc. now owns 614,511 shares of the bank’s stock valued at $64,044,000 after acquiring an additional 32,069 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in City during the 1st quarter valued at $1,133,000. Dimensional Fund Advisors LP raised its holdings in City by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 550,985 shares of the bank’s stock worth $58,542,000 after buying an additional 10,740 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of City by 137.5% in the second quarter. Squarepoint Ops LLC now owns 10,901 shares of the bank’s stock valued at $1,158,000 after buying an additional 6,312 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of City by 6.0% during the second quarter. American Century Companies Inc. now owns 87,988 shares of the bank’s stock valued at $9,349,000 after buying an additional 4,989 shares during the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

City Trading Down 1.4 %

CHCO opened at $119.28 on Friday. City Holding has a fifty-two week low of $86.56 and a fifty-two week high of $125.54. The firm has a market capitalization of $1.76 billion, a PE ratio of 15.00 and a beta of 0.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. The company’s 50-day moving average is $116.63 and its 200 day moving average is $110.03.

City (NASDAQ:CHCO) last posted its earnings results on Tuesday, July 23rd. The bank reported $1.96 earnings per share 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, research analysts predict that City Holding will post 7.73 earnings per share for the current fiscal year.

City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.79 dividend. This is a positive change from City’s previous quarterly dividend of $0.72. The ex-dividend date is Tuesday, October 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.65%. City’s dividend payout ratio is presently 39.75%.

Insider Activity

In related news, Director J. Thomas Jones sold 569 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $122.47, for a total transaction of $69,685.43. Following the transaction, the director now directly owns 4,411 shares in the company, valued at approximately $540,215.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director J. Thomas Jones sold 569 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $122.47, for a total value of $69,685.43. Following the transaction, the director now owns 4,411 shares in the company, valued at $540,215.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles R. Hageboeck sold 7,244 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $123.62, for a total value of $895,503.28. Following the sale, the chief executive officer now directly owns 45,974 shares of the company’s stock, valued at $5,683,305.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,413 shares of company stock worth $1,149,561 over the last quarter. Insiders own 2.45% of the company’s stock.

About City

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.