Quest Partners LLC Has $801,000 Stock Position in City Holding (NASDAQ:CHCO)

Quest Partners LLC raised its position in shares of City Holding (NASDAQ:CHCO) by 16.3% in the 2nd quarter, Holdings Channel reports. The firm owned 7,538 shares of the bank’s stock after acquiring an additional 1,055 shares during the period. Quest Partners LLC’s holdings in City were worth $801,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of City during the fourth quarter worth $10,953,000. Westwood Holdings Group Inc. increased its holdings in shares of City by 5.5% during the first quarter. Westwood Holdings Group Inc. now owns 614,511 shares of the bank’s stock worth $64,044,000 after buying an additional 32,069 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of City during the first quarter worth $1,133,000. McKinley Carter Wealth Services Inc. increased its holdings in shares of City by 215.1% during the first quarter. McKinley Carter Wealth Services Inc. now owns 16,141 shares of the bank’s stock worth $1,682,000 after buying an additional 11,019 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in shares of City by 73.8% during the fourth quarter. Rafferty Asset Management LLC now owns 15,505 shares of the bank’s stock worth $1,710,000 after buying an additional 6,583 shares in the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

City Stock Performance

Shares of City stock opened at $115.35 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. City Holding has a twelve month low of $86.56 and a twelve month high of $125.54. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 14.51 and a beta of 0.47. The company’s fifty day moving average is $115.44 and its 200 day moving average is $107.18.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.08. City had a net margin of 32.12% and a return on equity of 17.42%. The company had revenue of $94.90 million for the quarter, compared to analysts’ expectations of $73.20 million. Sell-side analysts forecast that City Holding will post 7.73 EPS for the current year.

Insider Buying and Selling at City

In other City news, CEO Charles R. Hageboeck sold 7,244 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $123.62, for a total transaction of $895,503.28. Following the sale, the chief executive officer now owns 45,974 shares of the company’s stock, valued at $5,683,305.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other City news, CEO Charles R. Hageboeck sold 7,244 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $123.62, for a total transaction of $895,503.28. Following the sale, the chief executive officer now owns 45,974 shares of the company’s stock, valued at $5,683,305.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J. Thomas Jones sold 569 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $122.47, for a total transaction of $69,685.43. Following the sale, the director now directly owns 4,411 shares in the company, valued at approximately $540,215.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,413 shares of company stock valued at $1,149,561. 2.45% of the stock is currently owned by insiders.

About City

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.