City (NASDAQ:CHCO) Stock Gets Price Target Increase from Keefe, Bruyette & Woods

City (NASDAQ:CHCO) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $145.00 to $147.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods‘s price objective suggests a potential upside of 3.52% from the stock’s previous close.

CHCO has been the topic of several other research reports. Weiss Ratings upgraded shares of City from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday, October 16th. Hovde Group increased their target price on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.00.

City Trading Down 0.6%

CHCO traded down $0.81 during trading on Tuesday, hitting $142.00. The company’s stock had a trading volume of 49,147 shares, compared to its average volume of 115,850. The firm has a market capitalization of $1.99 billion, a P/E ratio of 15.54 and a beta of 0.49. City has a twelve month low of $113.21 and a twelve month high of $148.99. The stock’s fifty day moving average price is $142.46 and its 200-day moving average price is $131.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

City (NASDAQ:CHCO) last released its quarterly earnings data on Monday, October 26th. The bank reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.07. The company had revenue of $84.04 million during the quarter, compared to analyst estimates of $83.07 million. City had a net margin of 32.58% and a return on equity of 16.34%. Analysts anticipate that City will post 9.32 EPS for the current year.

Insider Buying and Selling

In other City news, Director Sharon H. Rowe sold 400 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total value of $57,584.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles R. Hageboeck sold 4,485 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $144.96, for a total value of $650,145.60. Following the transaction, the chief executive officer directly owned 43,998 shares in the company, valued at $6,377,950.08. This represents a 9.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 480 shares of company stock worth $68,222 in the last ninety days. 1.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On City

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of City by 223.6% during the third quarter. Sterling Capital Management LLC now owns 398 shares of the bank’s stock worth $55,000 after acquiring an additional 275 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of City by 18.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 454 shares of the bank’s stock valued at $63,000 after acquiring an additional 72 shares during the last quarter. Dupree Financial Group LLC lifted its position in City by 59.3% during the third quarter. Dupree Financial Group LLC now owns 2,551 shares of the bank’s stock valued at $355,000 after purchasing an additional 950 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of City by 10.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,321 shares of the bank’s stock worth $184,000 after buying an additional 124 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in City by 8.8% during the second quarter. QRG Capital Management Inc. now owns 5,058 shares of the bank’s stock worth $671,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

Key City News

Here are the key news stories impacting City this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. City Holding reported record diluted EPS of $2.43, above consensus estimates ranging from $2.36 to $2.38, while revenue reached approximately $84.0 million to $84.3 million versus estimates near $83.1 million. EPS was up from $2.41 a year earlier. City Holding Q3 earnings report
• Positive Sentiment: Core banking performance improved. Net income available to common shareholders was $34.6 million, GAAP net interest income increased to $62.6 million from $60.8 million in the prior quarter, and non-interest income rose year over year to $21.4 million. Loans grew by $48.4 million during the quarter to $4.55 billion, while deposits increased to $5.36 billion. City Holding record quarterly EPS report
• Positive Sentiment: Dividend increased 15%. The company approved a quarterly cash dividend of $1.00 per share, reinforcing the investment case for income-focused shareholders and signaling management’s confidence in cash generation. City Holding dividend increase report
• Neutral Sentiment: Credit quality remained solid. Nonperforming assets totaled $10.9 million, or 0.24% of loans and other real estate owned. City also reported third-quarter net charge-offs, which investors will monitor for evidence of broader credit deterioration. City Holding net charge-offs report
• Negative Sentiment: Insider selling could create an overhang. Several executives, including the CEO and CFO, sold shares during the past six months. While insider transactions do not necessarily reflect operating expectations, the sales may temper investor enthusiasm after the earnings rally.
• Neutral Sentiment: Reported short interest was effectively zero, indicating little evidence of meaningful bearish positioning or short-covering demand affecting the stock.

City Company Profile

City Holding Company (NASDAQ: CHCO) is a bank holding company headquartered in Charleston, West Virginia. Through its principal subsidiary, City National Bank, the company provides banking and financial services to individuals, businesses and institutions.

City National Bank offers deposit accounts, consumer and commercial loans, residential mortgages, credit cards, cash-management services, investment products and trust services. Its activities also include wealth management and related financial services designed for retail, business and institutional customers.

The company serves communities primarily in West Virginia, Virginia, eastern Kentucky and southeastern Ohio through a network of branches and other delivery channels.