CWA Asset Management Group LLC maintained its position in shares of City Holding Company (NASDAQ:CHCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,813 shares of the bank’s stock at the close of the 2nd quarter. CWA Asset Management Group LLC owned 0.06% of City Holding worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in CHCO. BlackRock Inc. grew its holdings in City Holding by 43,960.3% during the first quarter. BlackRock Inc. now owns 1,906,489 shares of the bank’s stock valued at $122,929,000 after purchasing an additional 1,902,162 shares during the period. JPMorgan Chase & Co. grew its holdings in City Holding by 27.1% during the second quarter. JPMorgan Chase & Co. now owns 497,902 shares of the bank’s stock valued at $32,797,000 after purchasing an additional 106,203 shares during the period. Vanguard Group Inc. grew its holdings in City Holding by 4.5% during the first quarter. Vanguard Group Inc. now owns 1,412,228 shares of the bank’s stock valued at $91,061,000 after purchasing an additional 61,429 shares during the period. State Street Corp grew its holdings in City Holding 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 purchasing an additional 61,409 shares during the period. Finally, WBI Investments Inc. bought a new stake in City Holding during the second quarter valued at about $1,491,000. 62.53% of the stock is owned by institutional investors and hedge funds.
CHCO has been the subject of several recent research reports. Zacks Investment Research lowered City Holding from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub lowered City Holding from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine raised City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $70.33.
In other news, CAO Jeffrey Dale Legge sold 899 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $67.55, for a total transaction of $60,727.45. Following the sale, the chief accounting officer now directly owns 7,151 shares in the company, valued at approximately $483,050.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles R. Hageboeck sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $62.78, for a total value of $125,560.00. Following the sale, the chief executive officer now owns 72,984 shares in the company, valued at $4,581,935.52. The disclosure for this sale can be found here. 3.88% of the stock is owned by company insiders.
City Holding Company (CHCO) traded up 2.28% during trading on Tuesday, hitting $64.72. The stock had a trading volume of 16,967 shares. The firm’s 50-day moving average price is $63.44 and its 200-day moving average price is $65.19. City Holding Company has a 52-week low of $48.40 and a 52-week high of $74.90. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 16.93 and a beta of 0.85.
City Holding (NASDAQ:CHCO) last posted its earnings results on Monday, July 24th. The bank reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.11. City Holding had a return on equity of 12.62% and a net margin of 29.07%. The firm had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $46.45 million. During the same period last year, the firm earned $0.83 EPS. Analysts predict that City Holding Company will post $3.87 EPS for the current fiscal year.
City Holding 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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