City Holding Company (NASDAQ:CHCO) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate City Holding Company (CHCO) a "Hold" — six analysts cover the stock (five hold, one buy) with an average 1-year target price of $134.50.
• City missed quarterly expectations, reporting $2.18 EPS vs. a $2.29 consensus and revenue of $60.83M vs. $81.38M, though the firm showed strong profitability with a 32.56% net margin and 16.61% return on equity.
• Insiders sold some shares (CEO Charles Hageboeck sold 1,275 shares at ~$125.33), leaving insiders with 1.87% ownership, while institutional ownership is high at 72.43% with notable position increases from firms like Two Sigma and JPMorgan.

Shares of City Holding Company (NASDAQ:CHCO - Get Free Report) have received an average rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $134.50.

Several equities research analysts recently weighed in on CHCO shares. Piper Sandler raised their price target 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 reaffirmed a "buy (b+)" rating on shares of City in a research report on Tuesday, December 23rd.

City Stock Performance

Shares of City stock opened at $116.62 on Thursday. City has a 1 year low of $102.22 and a 1 year high of $133.59. The firm's 50-day moving average is $122.62 and its 200 day moving average is $122.66. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.04 and a beta of 0.51. 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 (NASDAQ:CHCO - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.29 by ($0.11). The firm had revenue of $60.83 million for 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%. Sell-side analysts anticipate that City will post 7.58 EPS for the current fiscal year.

Insider Buying and Selling at City

In other news, CEO Charles R. Hageboeck sold 1,275 shares of the company's 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 transaction, the chief executive officer directly owned 49,084 shares of the company's stock, valued at $6,151,697.72. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired a total of 553 shares of company stock valued at $64,082 in the last three months. 1.87% of the stock is owned by insiders.

Institutional Investors Weigh In On City

Several large investors have recently bought and sold shares of CHCO. Two Sigma Investments LP increased its position in shares of City by 136.4% during the 3rd quarter. Two Sigma Investments LP now owns 123,803 shares of the bank's stock valued at $15,335,000 after purchasing an additional 71,436 shares during the last quarter. Tudor Investment Corp ET AL grew its position in City by 63.2% during the third quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank's stock valued at $9,543,000 after buying an additional 29,828 shares during the period. JPMorgan Chase & Co. grew its position in City by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank's stock valued at $26,272,000 after buying an additional 22,536 shares during the period. Marshall Wace LLP purchased a new stake in City during the second quarter valued at approximately $2,216,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in City in the fourth quarter worth approximately $2,157,000. 72.43% of the stock is currently owned by 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.

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