City Holding (NASDAQ:CHCO – Get Rating) CEO Charles R. Hageboeck sold 5,050 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $80.08, for a total transaction of $404,404.00. Following the completion of the sale, the chief executive officer now owns 54,109 shares in the company, valued at approximately $4,333,048.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

City stock traded down $0.05 during midday trading on Wednesday, reaching $80.85. 1,172 shares of the company’s stock were exchanged, compared to its average volume of 71,541. City Holding has a 52 week low of $71.61 and a 52 week high of $86.30. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 13.93 and a beta of 0.56. The stock’s 50-day simple moving average is $78.33 and its 200 day simple moving average is $79.96.

City (NASDAQ:CHCO – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.16. City had a net margin of 38.11% and a return on equity of 13.31%. On average, sell-side analysts expect that City Holding will post 5.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 15th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.97%. City’s dividend payout ratio is 41.17%.

Large investors have recently bought and sold shares of the stock. Kenfarb & CO. bought a new stake in City in the 4th quarter worth about $25,000. Lazard Asset Management LLC purchased a new stake in City during the 1st quarter valued at about $27,000. Dixon Hughes Goodman Wealth Advisors LLC boosted its stake in shares of City by 300.0% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in City by 41.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 562 shares of the bank’s stock worth $46,000 after purchasing an additional 164 shares during the period. Finally, Advisor Group Holdings Inc. lifted its stake in City by 80.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank’s stock valued at $52,000 after buying an additional 292 shares in the last quarter. 64.12% of the stock is owned by institutional investors.

CHCO has been the subject of several analyst reports. StockNews.com downgraded shares of City from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised shares of City from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Thursday, March 31st.

City Company Profile (Get Rating)

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.

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