City (NASDAQ:CHCO) Price Target Raised to $135.00 at Keefe, Bruyette & Woods

City (NASDAQ:CHCO - Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $125.00 to $135.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 5.75% from the stock's current price.

Separately, Hovde Group upped their price target on shares of City from $130.00 to $136.00 and gave the stock a "market perform" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $133.25.

City Stock Performance

Shares of CHCO stock traded down $2.34 during trading on Wednesday, hitting $127.66. The company's stock had a trading volume of 87,244 shares, compared to its average volume of 171,705. The company has a market cap of $1.85 billion, a PE ratio of 15.36 and a beta of 0.54. The company has a current ratio of 0.81, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $121.82 and a 200-day moving average of $118.78. City has a 52 week low of $102.22 and a 52 week high of $137.28.

City (NASDAQ:CHCO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.97 by $0.32. City had a return on equity of 16.30% and a net margin of 31.35%. The business had revenue of $78.16 million for the quarter, compared to the consensus estimate of $76.10 million. As a group, research analysts anticipate that City will post 7.58 earnings per share for the current year.

Insider Activity

In other City news, EVP Jeffrey Dale Legge sold 2,500 shares of City stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $131.06, for a total value of $327,650.00. Following the completion of the sale, the executive vice president owned 7,037 shares of the company's stock, valued at approximately $922,269.22. The trade was a 26.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Bumgarner sold 1,058 shares of City stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $118.00, for a total transaction of $124,844.00. Following the completion of the sale, the chief financial officer directly owned 10,636 shares of the company's stock, valued at approximately $1,255,048. This trade represents a 9.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,399 shares of company stock valued at $798,360 in the last quarter. Insiders own 1.87% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. bought a new position in City in the 2nd quarter worth $406,000. Inspire Investing LLC boosted its holdings in shares of City by 7.8% during the 2nd quarter. Inspire Investing LLC now owns 3,167 shares of the bank's stock valued at $388,000 after purchasing an additional 228 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of City by 3.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 3,200 shares of the bank's stock valued at $392,000 after purchasing an additional 100 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of City by 2.3% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 46,209 shares of the bank's stock valued at $5,657,000 after buying an additional 1,057 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of City by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 4,841 shares of the bank's stock valued at $593,000 after buying an additional 373 shares in the last quarter. Institutional investors own 72.43% of the company's stock.

About City

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.