February 4, 2023

Comerica Bank reduced its position in City Holding (NASDAQ:CHCO – Get Rating) shares by 11.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,368 shares of the bank after selling 1,435 shares during the quarter. Comerica Bank owned approximately 0.08% of City worth $1,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP increased its position in City by 197.2% in the third quarter. Versor Investments LP now owns 10,700 shares of the bank, valued at $949,000, after purchasing an additional 7,100 shares last quarter. Los Angeles Capital Management LLC acquired a new interest in City valued at approximately $492,000 during the second quarter. The Alaska Department of Treasury increased its position in City by 7.6% in the second quarter. The Alaska Department of Treasury now owns 11,319 shares of the bank, valued at $904,000, after purchasing an additional 800 shares last quarter. Carolina Wealth Advisors LLC increased its position in City by 0.3% in the second quarter. Carolina Wealth Advisors LLC now owns 44,532 shares of the bank, valued at $3,557,000, after purchasing an additional 127 shares last quarter. Finally, in Q3, Wesbanco Bank Inc. acquired a new stake in City valued at approximately $214,000. Hedge funds and other institutional investors own 68.12% of the company’s shares.

Changes in analyst ratings

Separately, StockNews.com downgraded City from a “hold” rating to a “sell” rating in a report Tuesday, January 10th.

city ​​price development

CHCO opened at $89.37 on Tuesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.21 and a beta of 0.57. The company has a 50-day moving average of $94.90 and a two-hundred-day moving average of $91.26. City Holding has a 12-month low of $73.40 and a 12-month high of $103.00.

City dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13 will receive a dividend of $0.65. That equates to an annualized dividend of $2.60 and a yield of 2.91%. The ex-dividend date is Thursday 12th January. City’s dividend payout ratio (DPR) is 41.34%.

Insider transactions at City

In addition, CFO David L. Bumgarner sold 1,532 shares of the company’s shares in a transaction on Friday, October 28. The stock sold at an average price of $102.15 for a total transaction of $156,493.80. Following the completion of the sale, the Chief Financial Officer now owns 8,473 shares of the Company, valued at approximately $865,516.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, CFO David L. Bumgarner sold 1,532 shares of the company’s shares in a transaction on Friday, October 28. The stock sold at an average price of $102.15 for a total transaction of $156,493.80. Following the completion of the sale, the Chief Financial Officer now owns 8,473 shares of the Company, valued at approximately $865,516.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, EVP John A. Derito sold 452 shares of the company’s stock in a transaction on Monday, October 31. The stock sold at an average price of $101.10 for a total value of $45,697.20. Following the sale, the Executive Vice President now owns 29,808 shares of the Company, valued at approximately $3,013,588.80. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 9,673 shares of the company’s stock for $970,184. 2.56% of the shares are currently owned by company insiders.

Business profile of the city

(get rating)

City Holding Company acts as the holding company for City National Bank of West Virginia, which provides various banking, trust, investment management and other financial solutions throughout the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

See also

Want to see what other hedge funds are holding CHCO? Visit HoldingsChannel.com for the latest 13F filings and insider trading for City Holding (NASDAQ:CHCO – Get Rating).

Institutional Ownership by Quarter by City (NASDAQ:CHCO)

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