Yousif Capital Management LLC Has $808,000 Stock Holdings in City Holding (NASDAQ:CHCO)

Yousif Capital Management LLC reduced its holdings in City Holding (NASDAQ:CHCO) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,327 shares of the bank’s stock after selling 515 shares during the quarter. Yousif Capital Management LLC’s holdings in City were worth $808,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHCO. New York State Common Retirement Fund raised its position in City by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 6,572 shares of the bank’s stock worth $725,000 after purchasing an additional 396 shares during the last quarter. Dupree Financial Group LLC acquired a new position in shares of City in the fourth quarter worth approximately $1,165,000. Louisiana State Employees Retirement System bought a new stake in City in the fourth quarter valued at approximately $816,000. Cerity Partners LLC raised its holdings in City by 3.3% during the 4th quarter. Cerity Partners LLC now owns 7,239 shares of the bank’s stock worth $799,000 after purchasing an additional 230 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in City during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Insider Buying and Selling

In other City news, CEO Charles R. Hageboeck sold 8,899 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $101.00, for a total transaction of $898,799.00. Following the completion of the sale, the chief executive officer now owns 53,218 shares in the company, valued at approximately $5,375,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Charles R. Hageboeck sold 8,899 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $101.00, for a total transaction of $898,799.00. Following the completion of the sale, the chief executive officer now owns 53,218 shares in the company, valued at $5,375,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael T. Quinlan, Jr. sold 1,773 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $104.74, for a total value of $185,704.02. Following the transaction, the executive vice president now owns 3,400 shares in the company, valued at $356,116. The disclosure for this sale can be found here. Insiders have sold a total of 15,980 shares of company stock worth $1,634,286 in the last ninety days. Corporate insiders own 2.45% of the company’s stock.

City Stock Down 0.3 %

CHCO stock opened at $104.47 on Friday. The stock’s 50 day simple moving average is $102.01 and its 200 day simple moving average is $101.66. The company has a market cap of $1.55 billion, a P/E ratio of 13.14 and a beta of 0.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.82. City Holding has a fifty-two week low of $82.53 and a fifty-two week high of $115.89.

City Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, April 12th. City’s payout ratio is 35.97%.

Analyst Ratings Changes

Several research firms have recently weighed in on CHCO. Hovde Group increased their price objective on shares of City from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday. Piper Sandler increased their price target on City from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Stephens dropped their price objective on City from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $110.00 target price (up previously from $100.00) on shares of City in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, City presently has an average rating of “Hold” and a consensus price target of $106.75.

City Company 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.