Quantbot Technologies LP Invests $1.19 Million in City Holding Company $CHCO

Quantbot Technologies LP acquired a new position in shares of City Holding Company (NASDAQ:CHCO) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,962 shares of the bank’s stock, valued at approximately $1,189,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHCO. First Trust Advisors LP raised its stake in shares of City by 35.2% in the 1st quarter. First Trust Advisors LP now owns 61,693 shares of the bank’s stock valued at $7,374,000 after acquiring an additional 16,060 shares during the period. Virtu Financial LLC acquired a new position in shares of City in the 4th quarter worth approximately $1,353,000. Renaissance Technologies LLC boosted its position in shares of City by 55.0% during the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock worth $7,373,000 after purchasing an additional 21,898 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of City by 40.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,766 shares of the bank’s stock worth $5,829,000 after purchasing an additional 13,976 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in City by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank’s stock valued at $56,217,000 after purchasing an additional 8,992 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHCO has been the topic of a number of research analyst reports. Hovde Group boosted their target price on City from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings raised City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $136.50.

Insider Buying and Selling

In other City news, CEO Charles R. Hageboeck sold 4,485 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $144.96, for a total value of $650,145.60. Following the completion of the transaction, the chief executive officer owned 43,998 shares of the company’s stock, valued at $6,377,950.08. This trade represents a 9.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have purchased 444 shares of company stock valued at $59,740. Company insiders own 1.75% of the company’s stock.

City Stock Down 0.3%

Shares of NASDAQ:CHCO opened at $144.47 on Wednesday. The firm has a market capitalization of $2.03 billion, a PE ratio of 15.81 and a beta of 0.48. City Holding Company has a 1 year low of $113.21 and a 1 year high of $148.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The firm’s 50-day moving average is $138.61 and its two-hundred day moving average is $128.78.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. The business had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.34%. Analysts predict that City Holding Company will post 9.29 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.