Research Analysts Set Expectations for City FY2025 Earnings

City Holding Company (NASDAQ:CHCO - Free Report) - Equities researchers at DA Davidson raised their FY2025 EPS estimates for shares of City in a note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now forecasts that the bank will earn $7.95 per share for the year, up from their prior forecast of $7.90. The consensus estimate for City's current full-year earnings is $7.58 per share.

City Stock Up 1.2%

Shares of NASDAQ:CHCO traded up $1.51 during midday trading on Wednesday, reaching $128.86. The company's stock had a trading volume of 155,272 shares, compared to its average volume of 63,082. The firm has a market capitalization of $1.87 billion, a P/E ratio of 16.15 and a beta of 0.54. The firm has a 50 day moving average of $119.53 and a 200-day moving average of $118.06. City has a 12-month low of $102.22 and a 12-month high of $137.28. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.20.

City (NASDAQ:CHCO - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.22. The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $73.28 million. City had a net margin of 30.62% and a return on equity of 16.15%.

Hedge Funds Weigh In On City

Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in shares of City by 69.7% in the 1st quarter. Bessemer Group Inc. now owns 280 shares of the bank's stock worth $33,000 after purchasing an additional 115 shares during the period. CWM LLC raised its stake in City by 43.9% during the 1st quarter. CWM LLC now owns 282 shares of the bank's stock worth $33,000 after acquiring an additional 86 shares during the period. Sterling Capital Management LLC raised its stake in City by 781.3% during the 4th quarter. Sterling Capital Management LLC now owns 423 shares of the bank's stock worth $50,000 after acquiring an additional 375 shares during the period. Smartleaf Asset Management LLC raised its stake in City by 710.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the bank's stock worth $56,000 after acquiring an additional 405 shares during the period. Finally, First United Bank & Trust bought a new stake in City during the 1st quarter worth approximately $78,000. Institutional investors own 72.43% of the company's stock.

Insider Buying and Selling

In related news, Director James M. Parsons bought 2,200 shares of the stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $122.38 per share, for a total transaction of $269,236.00. Following the purchase, the director owned 2,700 shares of the company's stock, valued at approximately $330,426. The trade was a 440.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David L. Bumgarner sold 1,058 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $118.00, for a total transaction of $124,844.00. Following the transaction, the chief financial officer owned 10,636 shares in the company, valued at $1,255,048. This represents a 9.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,899 shares of company stock worth $339,590 in the last quarter. Corporate insiders own 1.87% of the company's stock.

City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, July 15th. City's payout ratio is 39.60%.

City Company Profile

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.