City (NASDAQ:CHCO - Get Free Report) had its price objective boosted by Hovde Group from $110.00 to $113.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a "market perform" rating on the bank's stock. Hovde Group's price objective would suggest a potential upside of 7.87% from the stock's current price.
A number of other analysts have also commented on the company. Piper Sandler boosted their price objective on City from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Stephens reduced their price target on shares of City from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $110.00 price objective (up previously from $100.00) on shares of City in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $106.75.
View Our Latest Research Report on City
City Stock Up 0.8 %
CHCO stock traded up $0.78 during trading on Thursday, reaching $104.76. The stock had a trading volume of 82,486 shares, compared to its average volume of 61,905. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.18 and a beta of 0.50. City has a one year low of $82.53 and a one year high of $115.89. The company's 50 day moving average is $101.86 and its two-hundred day moving average is $101.48.
Insider Activity
In related news, EVP Michael T. Quinlan, Jr. sold 1,773 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $104.74, for a total value of $185,704.02. Following the completion of the transaction, the executive vice president now directly owns 3,400 shares of the company's stock, valued at approximately $356,116. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Michael T. Quinlan, Jr. sold 1,773 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $104.74, for a total transaction of $185,704.02. Following the sale, the executive vice president now owns 3,400 shares of the company's stock, valued at approximately $356,116. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles R. Hageboeck sold 8,899 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $101.00, for a total value of $898,799.00. Following the completion of the transaction, the chief executive officer now owns 53,218 shares of the company's stock, valued at approximately $5,375,018. The disclosure for this sale can be found here. Insiders have sold a total of 13,480 shares of company stock valued at $1,371,736 over the last quarter. Company insiders own 2.45% of the company's stock.
Institutional Trading of City
A number of hedge funds and other institutional investors have recently bought and sold shares of CHCO. McGlone Suttner Wealth Management Inc. bought a new position in shares of City in the fourth quarter worth $38,000. Federated Hermes Inc. raised its holdings in shares of City by 28.0% in the 3rd quarter. Federated Hermes Inc. now owns 1,137 shares of the bank's stock valued at $103,000 after acquiring an additional 249 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of City by 206.2% during the 3rd quarter. Quantbot Technologies LP now owns 1,975 shares of the bank's stock valued at $178,000 after acquiring an additional 1,330 shares during the last quarter. CIC Wealth LLC purchased a new position in shares of City during the fourth quarter worth about $210,000. Finally, Lido Advisors LLC bought a new position in shares of City in the third quarter worth approximately $237,000. Institutional investors own 72.43% of the company's stock.
City Company Profile
(
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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.
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