Diane Strong-Treister Acquires 129 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister purchased 129 shares of City stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $115.88 per share, with a total value of $14,948.52. Following the completion of the transaction, the director owned 3,871 shares in the company, valued at approximately $448,571.48. This represents a 3.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

City Stock Down 0.7%

Shares of CHCO stock traded down $0.83 during mid-day trading on Monday, hitting $117.16. 148,655 shares of the stock traded hands, compared to its average volume of 88,592. The stock’s fifty day moving average is $123.13 and its two-hundred day moving average is $123.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. City Holding Company has a 52-week low of $102.22 and a 52-week high of $133.59. The stock has a market cap of $1.68 billion, a P/E ratio of 13.11 and a beta of 0.51.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On City

Several hedge funds have recently modified their holdings of the company. Two Sigma Investments LP increased its stake in shares of City by 136.4% in the 3rd quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock valued at $15,335,000 after purchasing an additional 71,436 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of City by 63.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock worth $9,543,000 after buying an additional 29,828 shares during the period. JPMorgan Chase & Co. grew its stake in City by 11.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock valued at $26,272,000 after acquiring an additional 22,536 shares during the period. Marshall Wace LLP purchased a new stake in City in the 2nd quarter worth $2,216,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in City in the 4th quarter worth $2,157,000. 72.43% of the stock is owned by hedge funds and other institutional investors.

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.