City (NASDAQ:CHCO) Director Sharon Rowe Sells 400 Shares

City Holding Company (NASDAQ:CHCO) Director Sharon Rowe sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total transaction of $57,584.00. Following the completion of the transaction, the director directly owned 10,576 shares of the company’s stock, valued at approximately $1,522,520.96. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

City Price Performance

City stock opened at $143.18 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 15.67 and a beta of 0.48. City Holding Company has a 52-week low of $113.21 and a 52-week high of $148.99. 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’s 50 day moving average is $139.30 and its two-hundred day moving average is $129.00.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.34%. On average, research analysts expect that City Holding Company will post 9.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHCO has been the topic of a number of recent research reports. Hovde Group upped their target price on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $136.50.

Hedge Funds Weigh In On City

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in City by 16,985.5% during the second quarter. California State Teachers Retirement System now owns 2,293,213 shares of the bank’s stock worth $304,172,000 after buying an additional 2,279,791 shares during the period. BlackRock Inc. acquired a new stake in shares of City in the second quarter valued at approximately $270,231,000. Bank of New York Mellon Corp acquired a new stake in shares of City in the second quarter valued at approximately $15,012,000. Two Sigma Investments LP grew its position in shares of City by 136.4% during the third 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, Legal & General Group Plc purchased a new position in shares of City during the second quarter worth approximately $4,585,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.

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.