City Holding Company (NASDAQ:CHCO) Given Consensus Rating of “Hold” by Brokerages

City Holding Company (NASDAQ:CHCO) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $134.50.

Several equities analysts have recently issued reports on CHCO shares. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. Piper Sandler raised their price objective on City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd.

City Trading Up 1.7%

CHCO opened at $118.95 on Thursday. The firm has a 50 day simple moving average of $122.36 and a 200 day simple moving average of $122.39. City has a fifty-two week low of $102.22 and a fifty-two week high of $133.59. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 13.31 and a beta of 0.51. 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 (NASDAQ:CHCO) last issued 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%. On average, sell-side analysts anticipate that City will post 7.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Charles R. Hageboeck sold 1,275 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $125.33, for a total value of $159,795.75. Following the completion of the transaction, the chief executive officer owned 49,084 shares in the company, valued at $6,151,697.72. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 553 shares of company stock valued at $64,082 over the last 90 days. Insiders own 1.87% of the company’s stock.

Institutional Trading of City

Several hedge funds and other institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC raised its position in City by 4.2% in the 4th quarter. Apollon Wealth Management LLC now owns 1,996 shares of the bank’s stock valued at $238,000 after buying an additional 81 shares during the last quarter. ProShare Advisors LLC boosted its position in City by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 2,740 shares of the bank’s stock worth $327,000 after acquiring an additional 81 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in City by 28.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock worth $61,000 after acquiring an additional 110 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of City by 0.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,822 shares of the bank’s stock worth $1,570,000 after acquiring an additional 116 shares in the last quarter. Finally, R Squared Ltd raised its holdings in shares of City by 6.6% in the fourth quarter. R Squared Ltd now owns 2,135 shares of the bank’s stock valued at $254,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds 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.