Public Sector Pension Investment Board Purchases 7,081 Shares of City Holding Company $CHCO

Public Sector Pension Investment Board grew its position in shares of City Holding Company (NASDAQ:CHCO) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,499 shares of the bank’s stock after buying an additional 7,081 shares during the quarter. Public Sector Pension Investment Board’s holdings in City were worth $6,999,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CHCO. Marshall Wace LLP purchased a new position in City during the 2nd quarter valued at about $2,216,000. Jane Street Group LLC increased its stake in shares of City by 82.3% during the first quarter. Jane Street Group LLC now owns 25,559 shares of the bank’s stock valued at $3,002,000 after buying an additional 11,537 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of City by 54.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 31,720 shares of the bank’s stock valued at $3,883,000 after acquiring an additional 11,179 shares in the last quarter. Norges Bank purchased a new stake in City in the second quarter worth $1,339,000. Finally, BNP Paribas Financial Markets lifted its stake in City by 78.8% in the second quarter. BNP Paribas Financial Markets now owns 20,034 shares of the bank’s stock worth $2,453,000 after acquiring an additional 8,830 shares during the period. 72.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHCO. Piper Sandler upped their price objective on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.50.

Insider Activity at City

In related news, CEO Charles R. Hageboeck sold 2,017 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $120.68, for a total value of $243,411.56. Following the transaction, the chief executive officer owned 50,359 shares in the company, valued at $6,077,324.12. The trade was a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.87% of the company’s stock.

City Price Performance

Shares of CHCO opened at $126.51 on Wednesday. City Holding Company has a fifty-two week low of $102.22 and a fifty-two week high of $133.59. The firm’s 50-day simple moving average is $123.95 and its two-hundred day simple moving average is $123.22. The stock has a market cap of $1.82 billion, a PE ratio of 14.15 and a beta of 0.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.83.

City (NASDAQ:CHCO) last released its earnings results on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.11). The business had revenue of $60.83 million for the quarter, compared to analysts’ expectations of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. Analysts anticipate that City Holding Company will post 7.58 earnings per share for the current fiscal year.

City Company Profile

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.