City Holding Company (NASDAQ:CHCO) Given Average Recommendation of “Hold” by Brokerages

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

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

Insider Transactions at City

In related news, CEO Charles R. Hageboeck sold 2,017 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $120.68, for a total transaction of $243,411.56. Following the completion of the transaction, the chief executive officer directly owned 50,359 shares in the company, valued at $6,077,324.12. This represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Horizon Corp raised its holdings in City by 146.0% in the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of City during the fourth quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of City in the third quarter valued at $32,000. Simplex Trading LLC bought a new position in City in the fourth quarter worth $36,000. Finally, Geneos Wealth Management Inc. boosted its stake in 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 buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 72.43% of the company’s stock.

City Stock Up 0.2%

Shares of CHCO stock opened at $124.96 on Friday. The stock’s 50 day simple moving average is $123.92 and its 200 day simple moving average is $123.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.83. City has a twelve month low of $102.22 and a twelve month high of $133.59. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.98 and a beta of 0.52.

City (NASDAQ:CHCO) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). The firm had revenue of $60.83 million during the quarter, compared to the consensus estimate of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. As a group, research analysts predict that City will post 7.58 EPS 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.