21,715 Shares in City Holding Company $CHCO Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in City Holding Company (NASDAQ:CHCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,715 shares of the bank’s stock, valued at approximately $2,880,000.

Several other large investors have also modified their holdings of CHCO. First Trust Advisors LP lifted its stake in shares of City by 35.2% during the 1st quarter. First Trust Advisors LP now owns 61,693 shares of the bank’s stock worth $7,374,000 after acquiring an additional 16,060 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in City by 55.0% during the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock valued at $7,373,000 after acquiring an additional 21,898 shares during the period. Virtu Financial LLC bought a new position in City in the 4th quarter valued at $1,353,000. BlackRock Inc. purchased a new stake in City in the second quarter worth $270,231,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in City by 40.2% in the first 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. Hedge funds and other institutional investors own 72.43% of the company’s stock.

City Trading Up 0.4%

CHCO opened at $145.57 on Friday. The stock’s fifty day moving average is $140.91 and its two-hundred day moving average is $129.70. The company has a market capitalization of $2.04 billion, a P/E ratio of 15.93 and a beta of 0.48. City Holding Company has a 52 week low of $113.21 and a 52 week high of $148.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

City (NASDAQ:CHCO) last issued its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. City had a return on equity of 16.34% and a net margin of 32.58%.The business had revenue of $81.52 million during the quarter, compared to analysts’ expectations of $80.64 million. Analysts forecast that City Holding Company will post 9.29 earnings per share for the current year.

Insider Buying and Selling at City

In other City news, CEO Charles R. Hageboeck sold 4,485 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $144.96, for a total transaction of $650,145.60. Following the transaction, the chief executive officer directly owned 43,998 shares in the company, valued at $6,377,950.08. This represents a 9.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sharon H. Rowe sold 400 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total transaction of $57,584.00. Following the transaction, the director directly owned 10,576 shares in the company, valued at $1,522,520.96. This trade represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 444 shares of company stock worth $59,740. Insiders own 1.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CHCO shares. Weiss Ratings upgraded City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Hovde Group raised their price target on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, City currently has an average rating of “Hold” and a consensus price target of $136.50.

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.