Key Points
- Director Sharon Rowe sold 400 City Holding shares at an average price of $143.96, generating $57,584 and reducing her position by 3.64% to 10,576 shares.
- City’s stock opened at $143.18, near its 52-week high of $148.99, while the company reported quarterly EPS of $2.35, beating analyst expectations of $2.23.
- Analysts maintain a consensus “Hold” rating with a $136.50 target price, although several institutional investors increased their holdings and institutions collectively own 72.43% of the stock.
City Holding Company (NASDAQ:CHCO - Get Free Report) Director Sharon Rowe sold 400 shares of the company's stock in a transaction that occurred 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 sale, the director owned 10,576 shares of the company's stock, valued at $1,522,520.96. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
City Stock Down 1.0%
CHCO stock opened at $143.18 on Friday. City Holding Company has a one year low of $113.21 and a one year high of $148.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $139.30 and a 200-day moving average of $129.00. The stock has a market capitalization of $2.01 billion, a PE ratio of 15.67 and a beta of 0.48.
City (NASDAQ:CHCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.12. City had a return on equity of 16.34% and a net margin of 32.58%.The company had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. As a group, analysts expect that City Holding Company will post 9.29 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CHCO. Weiss Ratings upgraded City from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. Hovde Group raised their price target on City from $135.00 to $143.00 and gave the company a "market perform" rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $136.50.
Get Our Latest Stock Analysis on CHCO
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in City by 35.2% during the 1st quarter. First Trust Advisors LP now owns 61,693 shares of the bank's stock valued at $7,374,000 after buying an additional 16,060 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of City in the fourth quarter worth $1,353,000. Arrowstreet Capital Limited Partnership lifted its holdings in City by 40.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,766 shares of the bank's stock valued at $5,829,000 after purchasing an additional 13,976 shares in the last quarter. Renaissance Technologies LLC boosted its position in City by 55.0% during the first quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank's stock worth $7,373,000 after acquiring an additional 21,898 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of City by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank's stock worth $56,217,000 after purchasing an additional 8,992 shares during the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.
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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