City Holding Company $CHCO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of City Holding Company (NASDAQ:CHCO) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,691,311 shares of the bank’s stock after selling 20,195 shares during the period. Vanguard Group Inc. owned 11.67% of City worth $209,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHCO. Smartleaf Asset Management LLC raised its stake in shares of City by 28.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock valued at $61,000 after acquiring an additional 110 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of City by 0.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,822 shares of the bank’s stock worth $1,570,000 after purchasing an additional 116 shares in the last quarter. CWM LLC increased its holdings in shares of City by 45.9% in the 3rd quarter. CWM LLC now owns 467 shares of the bank’s stock valued at $58,000 after acquiring an additional 147 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in City by 113.1% during the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after purchasing an additional 198 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in City by 0.3% in the second quarter. Bank of America Corp DE now owns 77,767 shares of the bank’s stock valued at $9,520,000 after acquiring an additional 198 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Charles R. Hageboeck sold 1,275 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $125.33, for a total transaction of $159,795.75. Following the sale, the chief executive officer owned 49,084 shares of the company’s stock, valued at $6,151,697.72. The trade was a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CHCO shares. Wall Street Zen downgraded shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Finally, Piper Sandler lifted their target price on City from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.50.

City Stock Performance

Shares of CHCO stock opened at $119.97 on Monday. City Holding Company has a 12-month low of $102.22 and a 12-month high of $133.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $123.51 and a 200-day simple moving average of $123.33. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 13.42 and a beta of 0.51.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). The company had revenue of $60.83 million during the quarter, compared to analysts’ expectations of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. On average, equities analysts forecast that City Holding Company will post 7.58 EPS for the current year.

City 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.