1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of City Holding (NASDAQ:CHCO – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,912 shares of the bank’s stock, valued at approximately $5,203,000. Norges Bank owned approximately 0.
30% of City at the end of the most recent quarter. Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc.
increased its holdings in City by 10.6% during the 4th quarter. PNC Financial Services Group Inc.
now owns 1,366 shares of the bank’s stock valued at $162,000 after purchasing an additional 131 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of City by 4.1% in the fourth quarter.
DAVENPORT & Co LLC now owns 4,426 shares of the bank’s stock valued at $524,000 after buying an additional 176 shares in the last quarter. KBC Group NV raised its holdings in shares of City by 60.3% in 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 during the last quarter. Quantbot Technologies LP lifted its position in City by 21.0% during the 4th quarter.
Quantbot Technologies LP now owns 2,207 shares of the bank’s stock worth $261,000 after buying an additional 383 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in City by 4.
5% during the 3rd quarter. Franklin Resources Inc. now owns 9,362 shares of the bank’s stock worth $1,116,000 after acquiring an additional 404 shares during the last quarter.
Institutional investors own 72.43% of the company’s stock. City Trading Up 2.
9 %CHCO stock opened at $113.68 on Thursday. The company has a quick ratio of 0.
82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21.
City Holding has a twelve month low of $97.50 and a twelve month high of $137.28.
The company has a market cap of $1.67 billion, a P/E ratio of 14.41 and a beta of 0.
48. The business has a fifty day moving average of $117.11 and a 200-day moving average of $120.
27. City (NASDAQ:CHCO – Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $1.
94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.03.
City had a net margin of 30.83% and a return on equity of 16.49%.
As a group, equities research analysts expect that City Holding will post 7.58 EPS for the current year. City Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th.
Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.79 per share. This represents a $3.
16 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, April 15th.
City’s dividend payout ratio is presently 40.05%. Insider Buying and Selling at CityIn other news, CFO David L.
Bumgarner sold 556 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $120.00, for a total value of $66,720.
00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles W.
Fairchilds sold 500 shares of City stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total transaction of $60,250.
00. Following the transaction, the director now directly owns 1,014 shares in the company, valued at $122,187. The trade was a 33.
03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,226 shares of company stock worth $147,200.
Insiders own 2.45% of the company’s stock. Wall Street Analysts Forecast GrowthSeparately, Piper Sandler dropped their target price on shares of City from $135.
00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, January 24th.View Our Latest Report on CHCOAbout City (Free Report)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.
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