City (NASDAQ:CHCO) Director James Hoyer Buys 106 Shares

City Holding Company (NASDAQ:CHCO) Director James Hoyer purchased 106 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $115.88 per share, for a total transaction of $12,283.28. Following the completion of the purchase, the director directly owned 504 shares of the company’s stock, valued at approximately $58,403.52. This represents a 26.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

City Trading Down 0.7%

Shares of CHCO opened at $117.16 on Tuesday. City Holding Company has a fifty-two week low of $102.22 and a fifty-two week 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 firm has a 50 day moving average price of $123.01 and a 200-day moving average price of $123.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On City

Several institutional investors and hedge funds have recently made changes to their positions in CHCO. Public Sector Pension Investment Board increased its holdings in shares of City by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 56,499 shares of the bank’s stock worth $6,999,000 after purchasing an additional 7,081 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of City by 11.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock valued at $26,272,000 after buying an additional 22,536 shares during the period. SG Americas Securities LLC boosted its stake in shares of City by 255.3% in the 3rd quarter. SG Americas Securities LLC now owns 8,936 shares of the bank’s stock worth $1,107,000 after buying an additional 6,421 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of City by 86.2% in the third quarter. Rafferty Asset Management LLC now owns 19,003 shares of the bank’s stock worth $2,354,000 after acquiring an additional 8,795 shares during the period. Finally, MQS Management LLC purchased a new stake in City during the third quarter valued at $521,000. Institutional investors own 72.43% of the company’s stock.

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.