City Holding Company (NASDAQ:CHCO) Receives $134.50 Average PT from Analysts

City Holding Company (NASDAQ:CHCO) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $134.50.

Several research analysts have recently issued reports on CHCO shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Piper Sandler lifted their target price on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th.

Insider Buying and Selling

In other City news, CEO Charles R. Hageboeck sold 1,275 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.33, for a total transaction of $159,795.75. Following the completion of the transaction, the chief executive officer owned 49,084 shares of the company’s stock, valued at approximately $6,151,697.72. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.87% of the company’s stock.

Institutional Trading of City

A number of large investors have recently made changes to their positions in CHCO. Kestra Advisory Services LLC acquired a new stake in shares of City during the 4th quarter worth about $29,000. First Horizon Corp lifted its stake in shares of City by 146.0% during the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after purchasing an additional 146 shares during the period. Quarry LP purchased a new position in shares of City during the 3rd quarter worth $32,000. Simplex Trading LLC acquired a new stake in shares of City during the fourth quarter worth $36,000. Finally, Geneos Wealth Management Inc. grew its position in shares of City by 113.1% in the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock valued at $46,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

City Price Performance

Shares of NASDAQ:CHCO opened at $121.29 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.57 and a beta of 0.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.82. The business’s 50 day simple moving average is $123.74 and its 200-day simple moving average is $123.34. City has a 12 month low of $102.22 and a 12 month high of $133.59.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.11). The firm had revenue of $60.83 million during the quarter, compared to analysts’ expectations 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 forecast that City will post 7.58 earnings per share 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.