Sharon Rowe Sells 400 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) Director Sharon Rowe sold 400 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total transaction of $57,584.00. Following the sale, the director owned 10,576 shares in the company, valued at approximately $1,522,520.96. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

City Stock Performance

Shares of NASDAQ CHCO opened at $143.46 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $139.62 and its two-hundred day moving average price is $129.11. The stock has a market capitalization of $2.02 billion, a P/E ratio of 15.70 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.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $80.64 million. As a group, sell-side analysts forecast that City Holding Company will post 9.29 earnings per share for the current year.

Hedge Funds Weigh In On City

Several hedge funds and other institutional investors have recently made changes to their positions in CHCO. ProShare Advisors LLC grew its holdings in City by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 2,740 shares of the bank’s stock worth $327,000 after buying an additional 81 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in City by 28.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock valued at $61,000 after acquiring an additional 110 shares in the last quarter. R Squared Ltd raised its stake in City by 6.6% during the 4th quarter. R Squared Ltd now owns 2,135 shares of the bank’s stock valued at $254,000 after acquiring an additional 132 shares in the last quarter. Inspire Investing LLC raised its stake in City by 5.0% during the 4th quarter. Inspire Investing LLC now owns 3,843 shares of the bank’s stock valued at $458,000 after acquiring an additional 182 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in City by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 9,905 shares of the bank’s stock worth $1,227,000 after acquiring an additional 186 shares during the period. 72.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.