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

Shares of City Holding Company (NASDAQ:CHCO) have been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $134.50.

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Piper Sandler lifted their price objective 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.

Insider Buying and Selling

In other City news, CEO Charles R. Hageboeck sold 1,275 shares of City 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 sale, the chief executive officer directly owned 49,084 shares of the company’s stock, valued at approximately $6,151,697.72. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 553 shares of company stock valued at $64,082 in the last ninety days. Company insiders own 1.87% of the company’s stock.

Institutional Trading of City

Several large investors have recently made changes to their positions in the company. Two Sigma Investments LP raised 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 purchasing an additional 71,436 shares during the period. Tudor Investment Corp ET AL grew its position in City by 63.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock valued at $9,543,000 after purchasing an additional 29,828 shares during the period. JPMorgan Chase & Co. grew its position in City by 11.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock valued at $26,272,000 after purchasing an additional 22,536 shares during the period. Marshall Wace LLP bought a new stake in City during the 2nd quarter valued at $2,216,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in City during the fourth quarter worth $2,157,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.

City Stock Performance

NASDAQ:CHCO opened at $116.99 on Thursday. The stock has a 50 day simple moving average of $122.40 and a 200 day simple moving average of $122.51. City has a 1-year low of $102.22 and a 1-year high of $133.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.68 billion, a P/E ratio of 13.09 and a beta of 0.51.

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

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.