City Holding Company (NASDAQ:CHCO) Receives $133.25 Average PT from Analysts

City Holding Company (NASDAQ:CHCO) has earned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $133.25.

A number of research firms have recently issued reports on CHCO. Zacks Research lowered City from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. DA Davidson increased their price objective on City from $128.00 to $137.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their target price on City from $125.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded City from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Hovde Group raised their price target on shares of City from $130.00 to $136.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd.

City Stock Performance

Shares of CHCO opened at $120.59 on Friday. The company has a 50-day moving average of $122.25 and a two-hundred day moving average of $122.42. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 13.86 and a beta of 0.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.81. City has a one year low of $102.22 and a one year high of $137.28.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.41 EPS for the quarter, beating the consensus estimate of $2.15 by $0.26. City had a net margin of 32.33% and a return on equity of 16.66%. The business had revenue of $61.29 million during the quarter, compared to the consensus estimate of $80.17 million. On average, equities research analysts expect that City will post 7.58 earnings per share for the current year.

City Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.87 per share. This is an increase from City’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. City’s dividend payout ratio (DPR) is 40.00%.

Institutional Trading of City

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC boosted its position in City by 43.9% during the first quarter. CWM LLC now owns 282 shares of the bank’s stock valued at $33,000 after purchasing an additional 86 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of City by 113.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock valued at $46,000 after buying an additional 198 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of City by 463.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 428 shares of the bank’s stock valued at $52,000 after buying an additional 352 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in City by 28.4% in the second quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock worth $61,000 after buying an additional 110 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in City by 69.0% in the second quarter. GAMMA Investing LLC now owns 546 shares of the bank’s stock worth $67,000 after buying an additional 223 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

City Company Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.