City (NASDAQ:CHCO) Director Robert Fisher Purchases 213 Shares

City Holding Company (NASDAQ:CHCO) Director Robert Fisher purchased 213 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $115.88 per share, with a total value of $24,682.44. Following the transaction, the director owned 46,978 shares in the company, valued at $5,443,810.64. This trade represents a 0.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

City Stock Performance

Shares of CHCO stock traded down $0.83 during mid-day trading on Monday, reaching $117.16. The stock had a trading volume of 148,655 shares, compared to its average volume of 88,592. City Holding Company has a 1-year low of $102.22 and a 1-year high of $133.59. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 13.11 and a beta of 0.51. 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 business’s fifty day moving average is $123.13 and its 200-day moving average is $123.23.

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

Institutional Investors Weigh In On City

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in City during the 4th quarter valued at about $29,000. First Horizon Corp raised its holdings in shares of City by 146.0% during the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after acquiring an additional 146 shares during the period. Quarry LP acquired a new position in shares of City during the 3rd quarter valued at about $32,000. Simplex Trading LLC acquired a new stake in City during the fourth quarter worth about $36,000. Finally, Geneos Wealth Management Inc. raised its stake 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 during the period. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHCO. Wall Street Zen lowered shares of City from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Piper Sandler boosted their price objective on City from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, City currently has a consensus rating of “Hold” and an average target price of $134.50.

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.