Westwood Holdings Group Inc. Sells 3,720 Shares of City Holding (NASDAQ:CHCO)

Westwood Holdings Group Inc. trimmed its holdings in City Holding (NASDAQ:CHCO) by 0.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 610,791 shares of the bank’s stock after selling 3,720 shares during the quarter. Westwood Holdings Group Inc.’s holdings in City were worth $64,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Leeward Investments LLC MA grew its stake in City by 5.6% during the second quarter. Leeward Investments LLC MA now owns 88,957 shares of the bank’s stock valued at $9,452,000 after acquiring an additional 4,725 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of City in the first quarter worth about $1,133,000. Zhang Financial LLC purchased a new stake in shares of City in the second quarter worth about $401,000. Price T Rowe Associates Inc. MD boosted its stake in City by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,944 shares of the bank’s stock valued at $1,141,000 after buying an additional 423 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in City by 48.5% during the first quarter. BNP Paribas Financial Markets now owns 7,260 shares of the bank’s stock valued at $757,000 after buying an additional 2,370 shares during the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at City

In other news, Director James L. Rossi sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the sale, the director now owns 18,233 shares in the company, valued at approximately $2,096,795. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other City news, Director James L. Rossi sold 1,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now owns 18,233 shares in the company, valued at $2,096,795. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael T. Quinlan, Jr. sold 600 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $115.62, for a total transaction of $69,372.00. Following the completion of the transaction, the executive vice president now owns 2,000 shares in the company, valued at $231,240. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,413 shares of company stock worth $1,149,561. 2.45% of the stock is currently owned by company insiders.

City Stock Down 2.7 %

Shares of CHCO opened at $119.09 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.98 and a beta of 0.47. City Holding has a 1 year low of $86.56 and a 1 year high of $125.54. The business’s 50 day simple moving average is $117.27 and its 200-day simple moving average is $108.06.

City (NASDAQ:CHCO) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.88 by $0.08. The business had revenue of $94.90 million during the quarter, compared to analyst estimates of $73.20 million. City had a net margin of 32.12% and a return on equity of 17.42%. As a group, equities analysts expect that City Holding will post 7.73 earnings per share for the current fiscal year.

About City

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.