Key Points
- CFO David Bumgarner sold 402 shares on May 6 at an average price of $125, totaling $50,250 and reducing his stake by 3.08% to 12,632 shares, according to an SEC filing.
- City beat Q1 EPS estimates ($2.20 vs. $2.17), posted a 16.58% ROE and 32.72% net margin, paid a $0.87 quarterly dividend (2.8% yield), and authorized a 1,000,000‑share repurchase plan.
- The stock carries a $1.76 billion market cap and a P/E of 13.5, trades within a $113.21–$133.59 52‑week range, and has a consensus Wall Street rating of “Hold” with an average target of $134.25.
City Holding Company (NASDAQ:CHCO - Get Free Report) CFO David Bumgarner sold 402 shares of the firm's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $125.00, for a total value of $50,250.00. Following the completion of the transaction, the chief financial officer owned 12,632 shares of the company's stock, valued at $1,579,000. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
City Price Performance
NASDAQ:CHCO opened at $122.73 on Friday. City Holding Company has a 52-week low of $113.21 and a 52-week high of $133.59. The company has a market cap of $1.76 billion, a P/E ratio of 13.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.82. The stock's 50-day simple moving average is $121.97 and its 200 day simple moving average is $122.39.
City (NASDAQ:CHCO - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $2.20 EPS for the quarter, beating the consensus estimate of $2.17 by $0.03. The firm had revenue of $79.25 million during the quarter, compared to analysts' expectations of $79.25 million. City had a return on equity of 16.58% and a net margin of 32.72%. As a group, sell-side analysts forecast that City Holding Company will post 8.99 EPS for the current fiscal year.
City Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 15th. City's dividend payout ratio is presently 38.33%.
City declared that its board has authorized a stock repurchase plan on Wednesday, March 25th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CHCO. Royal Bank of Canada lifted its holdings in City by 5.6% during the 1st quarter. Royal Bank of Canada now owns 15,586 shares of the bank's stock valued at $1,831,000 after purchasing an additional 821 shares during the last quarter. AQR Capital Management LLC raised its position in shares of City by 34.5% in the first quarter. AQR Capital Management LLC now owns 8,977 shares of the bank's stock valued at $1,055,000 after purchasing an additional 2,305 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of City by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,634 shares of the bank's stock worth $1,014,000 after buying an additional 387 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of City during the 1st quarter worth about $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of City by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,285 shares of the bank's stock worth $4,497,000 after buying an additional 2,603 shares during the period. 72.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on CHCO. Piper Sandler upped their price target on shares of City from $125.00 to $130.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Hovde Group boosted their price objective on shares of City from $133.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, City currently has an average rating of "Hold" and an average target price of $134.25.
Get Our Latest Research Report on CHCO
About City
(
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.
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