Jupiter Topco LLC Acquires Shares of 6,700 City Holding Company $CHCO

Jupiter Topco LLC bought a new position in City Holding Company (NASDAQ:CHCO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,700 shares of the bank’s stock, valued at approximately $888,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CHCO. Allworth Financial LP bought a new position in City in the 2nd quarter worth approximately $27,000. Kestra Advisory Services LLC bought a new stake in City during the 4th quarter valued at $29,000. Quarry LP bought a new stake in City during the 3rd quarter valued at $32,000. Simplex Trading LLC purchased a new stake in shares of City during the fourth quarter worth $36,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of City by 113.1% during the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

Insider Activity

In related news, Director Sharon H. 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 value of $57,584.00. Following the sale, the director directly owned 10,576 shares of the company’s stock, valued at $1,522,520.96. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles R. Hageboeck sold 4,485 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $144.96, for a total transaction of $650,145.60. Following the completion of the transaction, the chief executive officer directly owned 43,998 shares of the company’s stock, valued at approximately $6,377,950.08. This represents a 9.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 444 shares of company stock valued at $59,740 in the last three months. 1.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CHCO has been the topic of a number of analyst reports. Weiss Ratings upgraded City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 24th. Hovde Group raised their target price on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, City presently has a consensus rating of “Hold” and a consensus target price of $136.50.

City Trading Up 0.4%

City stock opened at $145.57 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 15.93 and a beta of 0.48. City Holding Company has a fifty-two week low of $113.21 and a fifty-two week high of $148.99. The firm’s fifty day moving average price is $140.91 and its 200-day moving average price is $129.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

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

City 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.