David L. Bumgarner Sells 1,000 Shares of City Holding Company (CHCO) Stock

City Holding Company (NASDAQ:CHCO) CFO David L. Bumgarner sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the sale, the chief financial officer now owns 10,965 shares of the company’s stock, valued at approximately $800,445. The transaction was disclosed in a filing with the SEC, which is available through this link.

City Holding Company (NASDAQ CHCO) traded down $1.22 during midday trading on Friday, hitting $70.00. 101,199 shares of the stock traded hands, compared to its average volume of 54,537. City Holding Company has a 12-month low of $58.80 and a 12-month high of $74.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $1,093.26, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $47.18 million. City had a net margin of 29.25% and a return on equity of 12.34%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. equities analysts forecast that City Holding Company will post 3.83 EPS for the current fiscal year.

CHCO has been the subject of several recent analyst reports. BidaskClub upgraded shares of City from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of City from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.33.

A number of institutional investors and hedge funds have recently bought and sold shares of CHCO. Teachers Advisors LLC grew its position in City by 4.1% during the first quarter. Teachers Advisors LLC now owns 28,301 shares of the bank’s stock valued at $1,825,000 after buying an additional 1,116 shares during the period. Schwab Charles Investment Management Inc. grew its position in City by 5.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 64,428 shares of the bank’s stock valued at $4,155,000 after buying an additional 3,237 shares during the period. Bank of America Corp DE grew its position in City by 47.7% during the first quarter. Bank of America Corp DE now owns 53,376 shares of the bank’s stock valued at $3,441,000 after buying an additional 17,231 shares during the period. State Street Corp grew its position in City by 14.4% during the first quarter. State Street Corp now owns 489,105 shares of the bank’s stock valued at $31,536,000 after buying an additional 61,409 shares during the period. Finally, State of Alaska Department of Revenue grew its position in City by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 3,081 shares of the bank’s stock valued at $202,000 after buying an additional 1,361 shares during the period. Institutional investors own 64.98% of the company’s stock.

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City 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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