City Holding Company (NASDAQ:CHCO) Given Average Recommendation of “Hold” by Analysts

City Holding Company (NASDAQ:CHCO) has been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $134.50.

Several research analysts have issued reports on CHCO shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Piper Sandler upped their target price on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th.

Insider Buying and Selling at City

In other news, CEO Charles R. Hageboeck sold 2,017 shares of City stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $120.68, for a total value of $243,411.56. Following the completion of the transaction, the chief executive officer owned 50,359 shares in the company, valued at approximately $6,077,324.12. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.87% of the company’s stock.

Institutional Investors Weigh In On City

A number of hedge funds and other institutional investors have recently bought and sold shares of CHCO. State Street Corp boosted its stake in City by 1.0% in the second quarter. State Street Corp now owns 639,166 shares of the bank’s stock worth $78,247,000 after purchasing an additional 6,371 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in City by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank’s stock worth $70,740,000 after buying an additional 6,552 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in City by 0.6% during the 4th quarter. JPMorgan Chase & Co. now owns 213,447 shares of the bank’s stock worth $25,443,000 after acquiring an additional 1,354 shares during the last quarter. Two Sigma Investments LP grew its holdings in City by 136.4% during the 3rd quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock worth $15,335,000 after acquiring an additional 71,436 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in City by 19.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 94,830 shares of the bank’s stock valued at $11,747,000 after acquiring an additional 15,546 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

City Stock Performance

NASDAQ:CHCO opened at $124.96 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of 13.98 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. City has a 12-month low of $102.22 and a 12-month high of $133.59. The firm has a 50-day moving average price of $123.92 and a 200 day moving average price of $123.29.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.11). The company had revenue of $60.83 million during the quarter, compared to the consensus estimate of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. Research analysts anticipate that City 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.