City (NASDAQ:CHCO) CEO Sells $159,795.75 in Stock

City Holding Company (NASDAQ:CHCO) CEO Charles Hageboeck sold 1,275 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $125.33, for a total value of $159,795.75. Following the completion of the transaction, the chief executive officer directly owned 49,084 shares in the company, valued at $6,151,697.72. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

City Stock Up 1.3%

NASDAQ:CHCO opened at $122.83 on Thursday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 13.74 and a beta of 0.52. City Holding Company has a twelve month low of $102.22 and a twelve month high of $133.59. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $123.66 and a 200-day simple moving average of $123.33.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Horizon Corp boosted its position in City by 146.0% during the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of City during the fourth quarter valued at about $29,000. Quarry LP bought a new stake in shares of City in the 3rd quarter valued at about $32,000. Simplex Trading LLC purchased a new position in shares of City in the 4th quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of City by 113.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after acquiring an additional 198 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHCO has been the subject of a number of research reports. Piper Sandler boosted their price target on City from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Wall Street Zen cut City from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.50.

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.