Deutsche Bank AG Makes New $2.03 Million Investment in City Holding Company $CHCO

Deutsche Bank AG acquired a new position in City Holding Company (NASDAQ:CHCO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,292 shares of the bank's stock, valued at approximately $2,028,000. Deutsche Bank AG owned approximately 0.11% of City as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in City by 1.0% in the 2nd quarter. State Street Corp now owns 639,166 shares of the bank's stock valued at $78,247,000 after purchasing an additional 6,371 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in City by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank's stock valued at $70,740,000 after purchasing an additional 6,552 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of City by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank's stock worth $56,217,000 after purchasing an additional 8,992 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of City by 0.6% in the fourth quarter. JPMorgan Chase & Co. now owns 213,447 shares of the bank's stock worth $25,443,000 after buying an additional 1,354 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of City by 136.4% in the third quarter. Two Sigma Investments LP now owns 123,803 shares of the bank's stock worth $15,335,000 after buying an additional 71,436 shares during the period. Hedge funds and other institutional investors own 72.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Hovde Group raised their target price on City from $135.00 to $143.00 and gave the company a "market perform" rating in a report on Monday, July 27th. Weiss Ratings upgraded City from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $136.50.

City Stock Performance

NASDAQ:CHCO opened at $143.46 on Friday. The firm has a 50-day moving average of $139.62 and a two-hundred day moving average of $129.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $2.02 billion, a P/E ratio of 15.70 and a beta of 0.48. City Holding Company has a 1-year low of $113.21 and a 1-year high of $148.99.

City (NASDAQ:CHCO - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.12. City had a return on equity of 16.34% and a net margin of 32.58%.The business had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. On average, research analysts expect that City Holding Company will post 9.29 earnings per share for the current fiscal year.

Insider Activity at City

In other City news, CEO Charles R. Hageboeck sold 4,485 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $144.96, for a total value of $650,145.60. Following the transaction, the chief executive officer directly owned 43,998 shares of the company's stock, valued at $6,377,950.08. This represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sharon H. Rowe sold 400 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total value of $57,584.00. Following the transaction, the director owned 10,576 shares of the company's stock, valued at approximately $1,522,520.96. This trade represents a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired a total of 444 shares of company stock worth $59,740 over the last 90 days. 1.75% of the stock is owned by company insiders.

About City

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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