Charles Hageboeck Sells 1,275 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) CEO Charles Hageboeck sold 1,275 shares of the 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 sale, the chief executive officer directly owned 49,084 shares of the company’s stock, valued at $6,151,697.72. The trade was a 2.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

City Stock Performance

City stock opened at $121.29 on Wednesday. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.57 and a beta of 0.52. City Holding Company has a one year low of $102.22 and a one year high of $133.59. The stock’s 50 day moving average price is $123.74 and its 200 day moving average price is $123.34. 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 (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.11). City had a net margin of 32.56% and a return on equity of 16.61%. The firm had revenue of $60.83 million during the quarter, compared to analyst estimates of $81.38 million. As a group, sell-side analysts expect that City Holding Company will post 7.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of City during the 4th quarter valued at approximately $1,353,000. Mercer Global Advisors Inc. ADV acquired a new position in City in the fourth quarter worth $202,000. XTX Topco Ltd bought a new stake in City during the fourth quarter valued at $712,000. Zacks Investment Management raised its holdings in shares of City by 3.6% during the fourth quarter. Zacks Investment Management now owns 24,584 shares of the bank’s stock worth $2,930,000 after purchasing an additional 844 shares during the period. Finally, Numerai GP LLC bought a new position in shares of City in the 4th quarter worth about $754,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHCO. Piper Sandler upped their price objective on shares of City from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated 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 research note on Sunday, November 16th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, City presently has a consensus rating of “Hold” and a consensus price target of $134.50.

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.