City Holding (NASDAQ:CHCO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in City Holding (NASDAQ:CHCO) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,073 shares of the bank’s stock after selling 1,218 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of City worth $2,943,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in City by 16.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,794 shares of the bank’s stock valued at $328,000 after purchasing an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of City by 11.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,002 shares of the bank’s stock valued at $1,051,000 after buying an additional 947 shares in the last quarter. Nicholson Wealth Management Group LLC purchased a new position in shares of City in the 3rd quarter valued at $1,449,000. nVerses Capital LLC acquired a new stake in City during the 3rd quarter worth $59,000. Finally, Inspire Investing LLC lifted its position in City by 6.8% in the third quarter. Inspire Investing LLC now owns 3,493 shares of the bank’s stock valued at $410,000 after acquiring an additional 222 shares during the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other City news, Director C Dallas Kayser sold 1,784 shares of City stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total value of $237,860.72. Following the transaction, the director now directly owns 23,637 shares in the company, valued at approximately $3,151,521.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other City news, Director C Dallas Kayser sold 1,784 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total transaction of $237,860.72. Following the completion of the sale, the director now directly owns 23,637 shares of the company’s stock, valued at approximately $3,151,521.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael T. Quinlan, Jr. sold 600 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $115.62, for a total value of $69,372.00. Following the completion of the transaction, the executive vice president now directly owns 2,000 shares in the company, valued at approximately $231,240. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,384 shares of company stock worth $422,233 in the last 90 days. Company insiders own 2.39% of the company’s stock.

City Stock Down 3.7 %

CHCO opened at $128.56 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 16.50 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.82. City Holding has a one year low of $92.76 and a one year high of $135.83. The business’s 50-day simple moving average is $117.67 and its 200-day simple moving average is $111.83.

City (NASDAQ:CHCO) last released its quarterly earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, topping the consensus estimate of $1.92 by $0.10. The company had revenue of $98.40 million for the quarter, compared to analyst estimates of $73.90 million. City had a return on equity of 16.60% and a net margin of 31.18%. Analysts anticipate that City Holding will post 7.78 EPS for the current year.

City Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.79 dividend. This is an increase from City’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.16 annualized dividend and a yield of 2.46%. City’s dividend payout ratio is 40.56%.

City 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.