Analysts Set City Holding Company (NASDAQ:CHCO) Target Price at $133.25

City Holding Company (NASDAQ:CHCO) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $133.25.

Several analysts recently issued reports on CHCO shares. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. Piper Sandler assumed coverage on shares of City in a report on Wednesday, December 3rd. They set a “neutral” rating and a $125.00 price target for the company. Zacks Research cut shares of City from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Wall Street Zen downgraded shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th.

City Trading Down 0.1%

NASDAQ CHCO opened at $121.42 on Friday. City has a one year low of $102.22 and a one year high of $133.59. The company has a 50-day simple moving average of $121.86 and a 200-day simple moving average of $123.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.96 and a beta of 0.52.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.26. City had a net margin of 32.33% and a return on equity of 16.66%. The firm had revenue of $61.29 million for the quarter, compared to analyst estimates of $80.17 million. On average, equities analysts forecast that City will post 7.58 earnings per share for the current year.

City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.87 per share. The ex-dividend date is Thursday, January 15th. This represents a $3.48 annualized dividend and a dividend yield of 2.9%. City’s payout ratio is currently 40.00%.

Insider Transactions at City

In other City news, CEO Charles R. Hageboeck sold 2,017 shares of City stock in a transaction on Monday, November 24th. The stock was sold at an average price of $120.68, for a total transaction of $243,411.56. Following the sale, the chief executive officer owned 50,359 shares of the company’s stock, valued at $6,077,324.12. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders purchased 416 shares of company stock valued at $48,768. Corporate insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS grew its position in City by 3.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 3,200 shares of the bank’s stock valued at $392,000 after buying an additional 100 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of City by 28.4% in the second quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock valued at $61,000 after acquiring an additional 110 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of City by 0.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,822 shares of the bank’s stock valued at $1,570,000 after acquiring an additional 116 shares during the period. CWM LLC increased its stake in shares of City by 45.9% during the third quarter. CWM LLC now owns 467 shares of the bank’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Finally, Franklin Resources Inc. raised its holdings in City by 1.9% during the third quarter. Franklin Resources Inc. now owns 9,905 shares of the bank’s stock worth $1,227,000 after purchasing an additional 186 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

About City

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.