Robeco Institutional Asset Management B.V. Sells 5,053 Shares of City Holding (NASDAQ:CHCO)

Robeco Institutional Asset Management B.V. reduced its stake in City Holding (NASDAQ:CHCO) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,501 shares of the bank’s stock after selling 5,053 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.59% of City worth $10,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHCO. GAMMA Investing LLC boosted its position in City by 95.8% in the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock valued at $25,000 after buying an additional 113 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of City during the 3rd quarter valued at $59,000. Bessemer Group Inc. grew its position in City by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock worth $132,000 after acquiring an additional 604 shares during the last quarter. SG Americas Securities LLC acquired a new position in City in the 1st quarter worth about $180,000. Finally, Intech Investment Management LLC bought a new position in City in the second quarter valued at about $208,000. 72.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James L. Rossi sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the director now directly owns 18,233 shares in the company, valued at $2,096,795. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other City news, EVP Michael T. Quinlan, Jr. sold 600 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at approximately $231,240. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James L. Rossi sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the director now owns 18,233 shares of the company’s stock, valued at approximately $2,096,795. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,384 shares of company stock valued at $422,233. 2.39% of the stock is currently owned by company insiders.

City Stock Performance

Shares of CHCO stock opened at $128.56 on Friday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.50 and a beta of 0.46. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $117.67 and its 200-day moving average price is $111.83. City Holding has a 12 month low of $92.76 and a 12 month high of $135.83.

City (NASDAQ:CHCO) last posted its earnings results on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10. The firm had revenue of $98.40 million for the quarter, compared to analyst estimates of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%. Equities research analysts forecast that City Holding will post 7.78 EPS for the current year.

City Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.79 per share. This is a positive change from City’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, October 15th. City’s dividend payout ratio (DPR) is currently 40.56%.

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.