Analysts Set City Holding Company (NASDAQ:CHCO) Target Price at $134.50

City Holding Company (NASDAQ:CHCO) has earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $134.50.

CHCO has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. Wall Street Zen cut City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Piper Sandler lifted their price target on shares of City from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd.

Insiders Place Their Bets

In other City news, CEO Charles R. Hageboeck sold 1,275 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $125.33, for a total transaction of $159,795.75. Following the completion of the sale, the chief executive officer directly owned 49,084 shares in the company, valued at $6,151,697.72. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.87% of the stock is currently owned by corporate insiders.

Institutional Trading of City

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in shares of City during the fourth quarter worth approximately $29,000. First Horizon Corp raised its stake in City by 146.0% during the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Quarry LP bought a new stake in City in the 3rd quarter valued at $32,000. Simplex Trading LLC acquired a new stake in City in the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 purchasing an additional 198 shares during the period. Institutional investors own 72.43% of the company’s stock.

City Stock Performance

CHCO stock opened at $123.12 on Friday. The firm has a 50 day moving average of $123.61 and a two-hundred day moving average of $123.33. City has a 12 month low of $102.22 and a 12 month high of $133.59. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.77 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 (NASDAQ:CHCO) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. As a group, equities analysts anticipate that City will post 7.58 EPS 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.