Robert Fisher Acquires 213 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) Director Robert Fisher bought 213 shares of City stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $115.88 per share, for a total transaction of $24,682.44. Following the purchase, the director owned 46,978 shares of the company’s stock, valued at approximately $5,443,810.64. This trade represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

City Trading Down 0.7%

CHCO traded down $0.83 on Monday, reaching $117.16. 148,655 shares of the company traded hands, compared to its average volume of 88,592. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.68 billion, a P/E ratio of 13.11 and a beta of 0.51. The firm has a fifty day simple moving average of $123.13 and a two-hundred day simple moving average of $123.23. City Holding Company has a one year low of $102.22 and a one year high of $133.59.

City (NASDAQ:CHCO) last announced 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). City had a return on equity of 16.61% and a net margin of 32.56%.The firm had revenue of $60.83 million during the quarter, compared to the consensus estimate of $81.38 million. As a group, equities research analysts expect that City Holding Company will post 7.58 earnings per share for the current year.

Institutional Trading of City

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in City by 5.6% during the 1st quarter. Royal Bank of Canada now owns 15,586 shares of the bank’s stock worth $1,831,000 after purchasing an additional 821 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of City by 34.5% in the first quarter. AQR Capital Management LLC now owns 8,977 shares of the bank’s stock worth $1,055,000 after buying an additional 2,305 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of City by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,634 shares of the bank’s stock worth $1,014,000 after buying an additional 387 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of City during the first quarter worth $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of City by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,285 shares of the bank’s stock valued at $4,497,000 after buying an additional 2,603 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a research report on Tuesday, December 23rd. Piper Sandler raised their target price on shares of City from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, City presently has an average rating of “Hold” and a consensus price target of $134.50.

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.