City Holding (NASDAQ:CHCO) CFO David L. Bumgarner Sells 170 Shares

City Holding (NASDAQ:CHCO) CFO David L. Bumgarner sold 170 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.00, for a total transaction of $20,230.00. Following the completion of the sale, the chief financial officer now directly owns 11,694 shares of the company’s stock, valued at $1,391,586. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

City Price Performance

NASDAQ CHCO opened at $119.41 on Tuesday. The company has a market cap of $1.76 billion, a P/E ratio of 15.13 and a beta of 0.51. City Holding has a 1 year low of $97.50 and a 1 year high of $137.28. The company has a fifty day simple moving average of $118.71 and a 200 day simple moving average of $120.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

City (NASDAQ:CHCO) last released its earnings results on Thursday, January 23rd. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.91 by $0.03. City had a net margin of 30.83% and a return on equity of 16.49%. On average, sell-side analysts predict that City Holding will post 7.58 EPS for the current year.

Hedge Funds Weigh In On City

Several large investors have recently bought and sold shares of CHCO. Sterling Capital Management LLC raised its stake in City by 781.3% during the 4th quarter. Sterling Capital Management LLC now owns 423 shares of the bank’s stock valued at $50,000 after purchasing an additional 375 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in City by 710.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the bank’s stock valued at $56,000 after purchasing an additional 405 shares during the last quarter. KBC Group NV raised its stake in City by 60.3% during the 4th quarter. KBC Group NV now owns 843 shares of the bank’s stock valued at $100,000 after purchasing an additional 317 shares during the last quarter. Point72 DIFC Ltd acquired a new position in City during the 3rd quarter valued at $134,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of City by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,366 shares of the bank’s stock valued at $162,000 after buying an additional 131 shares in the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of City from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler decreased their price objective on shares of City from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, January 24th.

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.