City Holding Company (CHCO) Stake Maintained by Royce & Associates LP

Royce & Associates LP continued to hold its stake in shares of City Holding Company (NASDAQ:CHCO) during the first quarter, Holdings Channel reports. The institutional investor owned 418,280 shares of the bank’s stock at the end of the first quarter. Royce & Associates LP’s holdings in City Holding Company were worth $26,971,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of City Holding Company by 5.7% in the fourth quarter. Comerica Bank now owns 15,936 shares of the bank’s stock valued at $1,047,000 after buying an additional 853 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of City Holding Company by 31.7% in the fourth quarter. AQR Capital Management LLC now owns 40,129 shares of the bank’s stock valued at $2,713,000 after buying an additional 9,665 shares in the last quarter. State Street Corp boosted its stake in shares of City Holding Company by 8.7% in the fourth quarter. State Street Corp now owns 427,696 shares of the bank’s stock valued at $28,915,000 after buying an additional 34,302 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of City Holding Company by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 692,703 shares of the bank’s stock valued at $46,827,000 after buying an additional 8,745 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of City Holding Company during the fourth quarter valued at about $12,519,000. 61.13% of the stock is owned by institutional investors.

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

City Holding Company (CHCO) traded down 2.03% during trading on Tuesday, hitting $62.62. 61,258 shares of the company traded hands. The firm has a market cap of $976.93 million, a P/E ratio of 16.87 and a beta of 0.81. City Holding Company has a one year low of $42.98 and a one year high of $74.90. The firm has a 50 day moving average of $67.31 and a 200 day moving average of $65.68.

City Holding Company (NASDAQ:CHCO) last posted its quarterly earnings data on Monday, April 24th. The bank reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $46.99 million. City Holding Company had a net margin of 27.20% and a return on equity of 12.16%. During the same period in the prior year, the firm earned $0.78 EPS. On average, analysts expect that City Holding Company will post $3.68 earnings per share for the current fiscal year.

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CHCO has been the subject of several research reports. Zacks Investment Research raised shares of City Holding Company from a “sell” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, February 21st. DA Davidson started coverage on shares of City Holding Company in a research note on Monday, March 6th. They set a “neutral” rating and a $68.00 price objective for the company. Keefe, Bruyette & Woods set a $65.00 target price on shares of City Holding Company and gave the company a “hold” rating in a report on Monday, April 10th. Finally, ValuEngine upgraded shares of City Holding Company from a “hold” rating to a “buy” rating in a report on Friday.

In related news, EVP Craig G. Stilwell sold 7,931 shares of the company’s stock in a transaction on 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 directly 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 SEC, which is available through this link. Also, CEO Charles R. Hageboeck sold 6,821 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $65.71, for a total transaction of $448,207.91. Following the sale, the chief executive officer now directly owns 75,080 shares of the company’s stock, valued at $4,933,506.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,687 shares of company stock valued at $1,665,964. 4.11% of the stock is owned by insiders.

About City Holding Company

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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