Key Points
- Director purchase: City Holding director Robert Fisher bought 156 shares for approximately $20,990 under a pre-arranged Rule 10b5-1 plan, increasing his direct ownership to 47,507 shares.
- Strong quarterly results: City reported quarterly earnings of $2.35 per share, exceeding the $2.23 analyst consensus, while revenue of $81.52 million also topped expectations.
- Dividend and valuation: The company declared a quarterly dividend of $0.87, equivalent to a 2.4% annualized yield. Analysts maintain an average “Hold” rating with a $136.50 target price, despite Hovde Group raising its target to $143.
City Holding Company (NASDAQ:CHCO - Get Free Report) Director Javier Reyes acquired 83 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $134.55 per share, for a total transaction of $11,167.65. Following the acquisition, the director owned 2,368 shares in the company, valued at $318,614.40. This represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
City Price Performance
Shares of CHCO opened at $144.90 on Wednesday. City Holding Company has a 12-month low of $113.21 and a 12-month high of $146.66. The business has a 50-day simple moving average of $130.84 and a two-hundred day simple moving average of $125.63. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.04 billion, a PE ratio of 15.85 and a beta of 0.49.
City (NASDAQ:CHCO - Get Free Report) last posted its earnings results 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 return on equity of 16.38% and a net margin of 32.58%.The firm had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. Analysts anticipate that City Holding Company will post 9.14 earnings per share for the current fiscal year.
City Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, July 15th. City's dividend payout ratio (DPR) is 38.07%.
Key City News
Here are the key news stories impacting City this week:
- Positive Sentiment: Analyst upgrade supports momentum: City Holding reached a new 52-week high after receiving an analyst upgrade, providing a positive catalyst for CHCO. City Hits New 52-Week High After Analyst Upgrade
- Positive Sentiment: Multiple director purchases: Directors Robert D. Fisher, Diane W. Strong-Treister, James A. Hoyer and Javier A. Reyes collectively bought 444 shares at $134.55 each, investing approximately $59,740. The purchases increased their individual holdings and may reinforce investor confidence in the bank’s prospects. Robert Fisher SEC filing
- Positive Sentiment: Income-investment appeal: A recent analysis highlighted City Holding as a potential dividend-stock choice, which could attract investors seeking reliable shareholder returns. City Holding Could Be a Great Choice
- Neutral Sentiment: Higher target but cautious rating: Hovde Group raised its price target from $135 to $143 while maintaining a “market perform” rating. The increase reflects improved valuation expectations, but the neutral rating limits the bullishness of the call.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CHCO. Hovde Group upped their price target on shares of City from $135.00 to $143.00 and gave the company a "market perform" rating in a research report on Monday. Weiss Ratings raised shares of City from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, City has a consensus rating of "Hold" and a consensus target price of $136.50.
Read Our Latest Report on City
Institutional Trading of City
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHCO. Tudor Investment Corp ET AL boosted its stake in shares of City by 63.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank's stock valued at $9,543,000 after purchasing an additional 29,828 shares during the last quarter. Virtu Financial LLC bought a new position in City during the fourth quarter worth $1,353,000. Louisiana State Employees Retirement System bought a new position in City during the first quarter worth $765,000. Geneos Wealth Management Inc. lifted its holdings in City by 93.1% in the first quarter. Geneos Wealth Management Inc. now owns 676 shares of the bank's stock valued at $81,000 after buying an additional 326 shares during the period. Finally, Commonwealth Financial Services LLC acquired a new position in City in the first quarter valued at $373,000. Institutional investors and hedge funds own 72.43% of the company's stock.
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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