American Century Companies Inc. Has $9.35 Million Stake in City Holding (NASDAQ:CHCO)

American Century Companies Inc. grew its holdings in City Holding (NASDAQ:CHCO) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,988 shares of the bank’s stock after buying an additional 4,989 shares during the period. American Century Companies Inc. owned 0.60% of City worth $9,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHCO. GAMMA Investing LLC grew its stake in shares of City by 95.8% in the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock valued at $25,000 after acquiring an additional 113 shares in the last quarter. Bessemer Group Inc. raised its position 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 buying an additional 604 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of City in the first quarter valued at approximately $180,000. Commonwealth Equity Services LLC grew its position in City by 4.5% during the second 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 increased its stake in City by 5.9% during the 1st quarter. ProShare Advisors LLC now owns 2,955 shares of the bank’s stock worth $308,000 after acquiring an additional 165 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.

City Stock Performance

NASDAQ:CHCO opened at $119.09 on Monday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 14.98 and a beta of 0.47. City Holding has a fifty-two week low of $86.56 and a fifty-two week high of $125.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a fifty day moving average price of $117.27 and a 200-day moving average price of $108.11.

City (NASDAQ:CHCO) last released its earnings results on Tuesday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.08. The company had revenue of $94.90 million for 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 analysts anticipate that City Holding will post 7.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director J. Thomas Jones sold 569 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was 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 in the company, valued at approximately $540,215.17. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director J. Thomas Jones sold 569 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was 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 in the company, valued at approximately $540,215.17. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael T. Quinlan, Jr. sold 600 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $115.62, for a total value of $69,372.00. Following the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at $231,240. The disclosure for this sale can be found here. Insiders sold a total of 9,413 shares of company stock worth $1,149,561 in the last ninety days. 2.45% of the stock is owned by 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.