City Holding (NASDAQ:CHCO) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in City Holding (NASDAQ:CHCO) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,581 shares of the bank’s stock after selling 137 shares during the period. Yousif Capital Management LLC’s holdings in City were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of City during the third quarter valued at $59,000. KBC Group NV lifted its stake in City by 60.3% during the fourth quarter. KBC Group NV now owns 843 shares of the bank’s stock valued at $100,000 after buying an additional 317 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of City in the third quarter worth about $134,000. Crossmark Global Holdings Inc. purchased a new position in shares of City in the third quarter worth approximately $199,000. Finally, Longboard Asset Management LP acquired a new stake in shares of City during the fourth quarter valued at approximately $211,000. 72.43% of the stock is owned by institutional investors.

City Stock Performance

Shares of NASDAQ:CHCO opened at $119.05 on Friday. The business has a fifty day moving average of $120.36 and a 200-day moving average of $120.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. City Holding has a twelve month low of $97.50 and a twelve month high of $137.28. The firm has a market cap of $1.75 billion, a PE ratio of 15.09 and a beta of 0.51.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. On average, equities research analysts predict that City Holding will post 7.58 EPS for the current fiscal year.

City Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.79 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.65%. City’s payout ratio is 40.05%.

Analyst Ratings Changes

CHCO has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on City from $120.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler decreased their price objective on City from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, January 24th.

Insider Activity at City

In related news, EVP John A. Derito sold 1,243 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.93, for a total transaction of $170,203.99. Following the sale, the executive vice president now owns 28,757 shares in the company, valued at approximately $3,937,696.01. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David L. Bumgarner sold 556 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $120.00, for a total transaction of $66,720.00. Following the completion of the transaction, the chief financial officer now directly owns 9,395 shares of the company’s stock, valued at $1,127,400. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,299 shares of company stock valued at $297,174. 2.45% of the stock is owned by corporate insiders.

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.