SG Americas Securities LLC acquired a new stake in City Holding Company (NASDAQ:CHCO) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,678 shares of the bank’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHCO. State of Alaska Department of Revenue increased its position in City Holding by 6.2% in the first quarter. State of Alaska Department of Revenue now owns 1,720 shares of the bank’s stock valued at $110,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC increased its position in City Holding by 11.1% in the first quarter. Mason Street Advisors LLC now owns 3,642 shares of the bank’s stock valued at $235,000 after buying an additional 363 shares during the last quarter. Alpha Omega Wealth Management LLC increased its position in City Holding by 5.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 4,356 shares of the bank’s stock valued at $281,000 after buying an additional 222 shares during the last quarter. Louisiana State Employees Retirement System increased its position in City Holding by 5.0% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the bank’s stock valued at $406,000 after buying an additional 300 shares during the last quarter. Finally, United Bank Inc. increased its position in City Holding by 11.5% in the first quarter. United Bank Inc. now owns 6,567 shares of the bank’s stock valued at $424,000 after buying an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 62.41% of the company’s stock.

City Holding Company (NASDAQ:CHCO) opened at 65.30 on Tuesday. The firm’s 50-day moving average is $65.49 and its 200 day moving average is $65.96. City Holding Company has a 12-month low of $46.10 and a 12-month high of $74.90. The firm has a market cap of $1.02 billion, a P/E ratio of 17.59 and a beta of 0.84.

City Holding (NASDAQ:CHCO) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.18. City Holding had a net margin of 28.38% and a return on equity of 12.60%. The firm had revenue of $48.95 million during the quarter, compared to analyst estimates of $46.99 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities analysts forecast that City Holding Company will post $3.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, July 12th. City Holding’s payout ratio is currently 47.31%.

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Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of City Holding from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of City Holding from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods set a $65.00 price objective on shares of City Holding and gave the stock a “hold” rating in a report on Monday, April 10th. Finally, ValuEngine upgraded shares of City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. City Holding presently has a consensus rating of “Hold” and an average target price of $68.33.

In other news, EVP Craig G. Stilwell sold 7,931 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $64.85, for a total transaction of $514,325.35. Following the completion of the sale, the executive vice president now owns 26,865 shares of the company’s stock, valued at approximately $1,742,195.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John A. Derito sold 806 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $64.25, for a total transaction of $51,785.50. Following the sale, the executive vice president now directly owns 25,649 shares of the company’s stock, valued at approximately $1,647,948.25. The disclosure for this sale can be found here. Insiders have sold a total of 25,687 shares of company stock valued at $1,665,964 in the last ninety days. Insiders own 3.88% of the company’s stock.

City Holding Company Profile

City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

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Institutional Ownership by Quarter for City Holding (NASDAQ:CHCO)

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