Insider Selling: City (NASDAQ:CHCO) Director Sells 400 Shares of Stock

Key Points

• Director Sharon Rowe sold 400 City Holding shares at an average price of $143.96, generating $57,584 and reducing her position by 3.64% to 10,576 shares.
• City’s shares fell 1.3% to $142.75, despite the bank reporting quarterly EPS of $2.35—beating analyst estimates—and revenue of $81.52 million.
• Analysts maintain a consensus “Hold” rating with a $136.50 price target, while institutional investors own 72.43% of the company’s stock.

City Holding Company (NASDAQ:CHCO - Get Free Report) Director Sharon Rowe sold 400 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total value of $57,584.00. Following the transaction, the director directly owned 10,576 shares in the company, valued at $1,522,520.96. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

City Stock Down 1.3%

Shares of NASDAQ CHCO traded down $1.93 during trading hours on Thursday, hitting $142.75. The company had a trading volume of 52,834 shares, compared to its average volume of 114,761. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.63 and a beta of 0.48. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. City Holding Company has a 1-year low of $113.21 and a 1-year high of $148.99. The firm's 50 day moving average is $138.97 and its 200-day moving average is $128.90.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHCO shares. Weiss Ratings upgraded shares of City from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday. Hovde Group lifted their price target on City from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Monday, July 27th. 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 presently has a consensus rating of "Hold" and a consensus price target of $136.50.

Hedge Funds Weigh In On City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its holdings in shares of City by 16,985.5% in the second quarter. California State Teachers Retirement System now owns 2,293,213 shares of the bank's stock valued at $304,172,000 after purchasing an additional 2,279,791 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of City by 8.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,364 shares of the bank's stock worth $314,000 after buying an additional 194 shares during the period. Nykredit A S bought a new stake in shares of City during the 2nd quarter worth about $133,000. SkyOak Wealth LLC acquired a new position in City in the 2nd quarter valued at about $250,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in City in the 2nd quarter valued at about $985,000. 72.43% of the stock is 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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