City (NASDAQ:CHCO) Director Robert Fisher Acquires 133 Shares

City Holding Company (NASDAQ:CHCO) Director Robert Fisher bought 133 shares of the company’s stock in a transaction on Monday, April 20th. The stock was purchased at an average cost of $126.36 per share, with a total value of $16,805.88. Following the completion of the transaction, the director owned 47,111 shares in the company, valued at $5,952,945.96. This represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Stock Performance

NASDAQ CHCO opened at $126.12 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. City Holding Company has a 1-year low of $111.99 and a 1-year high of $133.59. The company has a market cap of $1.81 billion, a P/E ratio of 14.11 and a beta of 0.49. The stock has a 50-day moving average of $122.20 and a two-hundred day moving average of $122.15.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 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 business had revenue of $60.83 million during the quarter, compared to analysts’ expectations of $81.38 million. As a group, analysts anticipate that City Holding Company will post 8.87 EPS for the current year.

City declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 25th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 15th. City’s dividend payout ratio (DPR) is currently 38.93%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHCO. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of City in a research report on Tuesday, December 23rd. Piper Sandler increased their price target on City from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $134.50.

Institutional Investors Weigh In On City

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of City by 11.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock worth $26,272,000 after acquiring an additional 22,536 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of City by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,499 shares of the bank’s stock worth $6,999,000 after acquiring an additional 7,081 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of City by 63.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock worth $9,543,000 after acquiring an additional 29,828 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of City by 255.3% during the 3rd quarter. SG Americas Securities LLC now owns 8,936 shares of the bank’s stock worth $1,107,000 after acquiring an additional 6,421 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of City by 86.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 19,003 shares of the bank’s stock worth $2,354,000 after acquiring an additional 8,795 shares in the last quarter. 72.43% of the stock is owned by hedge funds and other institutional investors.

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.