City Holding Company (NASDAQ:CHCO - Get Free Report) Director Javier Reyes purchased 105 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average price of $115.88 per share, for a total transaction of $12,167.40. Following the purchase, the director directly owned 2,182 shares in the company, valued at $252,850.16. The trade was a 5.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
City Stock Performance
Shares of CHCO opened at $117.16 on Tuesday. The company's 50 day simple moving average is $123.01 and its 200-day simple moving average is $123.18. City Holding Company has a 12-month low of $102.22 and a 12-month high of $133.59. The firm has a market cap of $1.68 billion, a PE ratio of 13.11 and a beta of 0.51. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.
City (NASDAQ:CHCO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($0.11). City had a net margin of 32.56% and a return on equity of 16.61%. The business had revenue of $60.83 million during the quarter, compared to analyst estimates of $81.38 million. As a group, equities analysts predict that City Holding Company will post 7.58 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on CHCO shares. Piper Sandler lifted their target price on City from $125.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, January 23rd. Wall Street Zen downgraded City from a "hold" rating to a "sell" rating in a report on Sunday, November 16th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of City in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, City currently has a consensus rating of "Hold" and an average target price of $134.50.
Read Our Latest Analysis on City
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of City during the 4th quarter worth $29,000. First Horizon Corp grew its stake in City by 146.0% in the 4th quarter. First Horizon Corp now owns 246 shares of the bank's stock valued at $29,000 after acquiring an additional 146 shares during the last quarter. Quarry LP purchased a new position in City during the 3rd quarter valued at about $32,000. Simplex Trading LLC purchased a new position in City during the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. raised its position in City by 113.1% during the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank's stock worth $46,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 72.43% of the company's stock.
About City
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Get Free Report)
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.
Further Reading
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