City Holding Company (NASDAQ:CHCO) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts rate CHCO a "Hold" — six analysts give a consensus Hold (five Hold, one Buy) with an average 1-year target of $134.50 and recent targets around $130.
• Company is returning capital — the Board authorized a 1,000,000-share buyback and declared a quarterly dividend of $0.87 per share (annualized $3.48, ~2.7% yield).
• Recent quarter missed expectations — City reported EPS of $2.18 versus $2.29 expected and revenue of $60.8M versus $81.4M, while maintaining a P/E of ~14.2 and 72% institutional ownership.

City Holding Company (NASDAQ:CHCO - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat 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 brokers that have issued ratings on the stock in the last year is $134.50.

A number of brokerages have recently commented on CHCO. Piper Sandler upped their target price 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 reaffirmed a "buy (b+)" rating on shares of City in a report on Tuesday, December 23rd.

Insider Activity

In other news, CEO Charles R. Hageboeck sold 1,275 shares of the business's stock in a transaction dated Friday, February 20th. The shares were 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 in the company, valued at $6,151,697.72. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 553 shares of company stock worth $64,082 in the last quarter. Insiders own 1.75% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of City by 11.9% during the third 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 during the period. Public Sector Pension Investment Board increased its stake in shares of City by 14.3% during the third 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 during the period. Tudor Investment Corp ET AL increased its stake in shares of City by 63.2% during the third 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 during the period. SG Americas Securities LLC increased its stake in shares of City by 255.3% during the third 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 during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of City by 86.2% during the third 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 during the period. 72.43% of the stock is currently owned by institutional investors and hedge funds.

City Price Performance

Shares of NASDAQ:CHCO opened at $126.88 on Monday. The company has a 50-day simple moving average of $122.25 and a 200-day simple moving average of $122.05. City has a one year low of $102.22 and a one year high of $133.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.19 and a beta of 0.49.

City (NASDAQ:CHCO - Get Free Report) last announced its 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). 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. On average, analysts predict that City will post 7.58 EPS for the current year.

City declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 25th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, April 15th. City's payout ratio is 38.93%.

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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