Short traders are feeling a little more bearish on City Holding Co if you take note of the increase in short interest. The firm had a rise in short interest from September 29, 2017 to October 13, 2017 of 11.46%. Short interest grew from 981,246 to 1,093,712 over that period. The days to cover decreased to 15.0 and the short interest percentage is 0.07% as of October 13.
There has been some selling insider activity on City Holding Co (NASDAQ:CHCO) recently. Charles R. Hageboeck, President & CEO sold $125,580 worth of shares at an average price of $62.79 on Mon the 28th. That brings the President & CEO’s holdings to $4,494,759 as reported to the SEC.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Great West Life Assurance CO /can/ had disposed of a total of 1,200 shares trimming its stake by 5.5%. The value of the total investment in City Holding Co increased from $1,438,000 to $1,476,000 a change of 2.6% quarter over quarter. California State Teachers Retirement System reduced its investment by shedding 2,635 shares a decrease of 9.8% as of 09/30/2017. California State Teachers Retirement System now controls 24,260 shares worth $1,745,000. The total value of its holdings decreased 1.5%.
As of quarter end Alliancebernstein L.P. had bought 2,610 shares growing its position 3.6%. The value of the company’s investment in City Holding Co went from $4,784,000 to $5,410,000 increasing 13.1% for the reporting period. As of the end of the quarter Dimensional Fund Advisors Lp had sold 2,250 shares trimming its holdings by 0.3%. The value of the investment in CHCO increased from $45,542,000 to $49,555,000 a change of $4,013,000 since the last quarter.
The company is so far trading up by 0.29% percent from yesterday’s close. City Holding Co currently has a P/E ratio of 17.35 and the market cap is 1.04B. In the last earnings report the EPS was $3.83 with 15.62M shares outstanding.
City Holding Company, launched on March 12, 1981, 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. City National offers various products and services, including commercial banking, consumer banking, mortgage banking, and wealth management and trust services. City National provides credit, deposit and investment advisory products and services to rural and small community markets in addition to cities, including Charleston, Huntington, Martinsburg, Winchester, Staunton, Virginia Beach, Ashland and Lexington..