WINTON GROUP Ltd Buys 16,020 Shares of City Holding Company $CHCO

WINTON GROUP Ltd increased its stake in City Holding Company (NASDAQ:CHCO) by 213.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,540 shares of the bank’s stock after purchasing an additional 16,020 shares during the period. WINTON GROUP Ltd’s holdings in City were worth $3,122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP bought a new stake in City during the second quarter worth about $27,000. Kestra Advisory Services LLC bought a new position in City in the 4th quarter valued at about $29,000. Quarry LP acquired a new position in shares of City in the 3rd quarter valued at approximately $32,000. Simplex Trading LLC acquired a new position in shares of City in the 4th quarter valued at approximately $36,000. Finally, Archer Investment Corp bought a new stake in shares of City during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Insider Buying and Selling at City

In other news, Director Sharon H. Rowe sold 400 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total value of $57,584.00. Following the completion of the transaction, the director directly owned 10,576 shares in the company, valued at approximately $1,522,520.96. This represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Hageboeck sold 4,485 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $144.96, for a total value of $650,145.60. Following the sale, the chief executive officer directly owned 43,998 shares in the company, valued at approximately $6,377,950.08. This trade represents a 9.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought 444 shares of company stock valued at $59,740 over the last quarter. Company insiders own 1.75% of the company’s stock.

City Trading Up 0.2%

Shares of City stock opened at $143.96 on Friday. The firm has a market capitalization of $2.02 billion, a PE ratio of 15.75 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $141.96 and its 200 day moving average is $130.36. City Holding Company has a 1 year low of $113.21 and a 1 year high of $148.99.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. City had a net margin of 32.58% and a return on equity of 16.34%. The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. Equities research analysts forecast that City Holding Company will post 9.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHCO has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of City from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 4th. Hovde Group upped their target price on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.50.

About City

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.