City (NASDAQ:CHCO - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Piper Sandler in a report released on Friday, Marketbeat.com reports. They currently have a $135.00 price objective on the bank's stock. Piper Sandler's price target would indicate a potential upside of 2.94% from the stock's previous close.
City Price Performance
NASDAQ:CHCO traded up $2.59 on Friday, reaching $131.15. 35,470 shares of the company's stock traded hands, compared to its average volume of 56,970. City has a 12 month low of $92.76 and a 12 month high of $135.83. The firm has a market cap of $1.93 billion, a PE ratio of 16.50 and a beta of 0.46. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $117.67 and a 200-day simple moving average of $111.83.
City (NASDAQ:CHCO - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.10. The firm had revenue of $98.40 million for the quarter, compared to the consensus estimate of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%. Equities research analysts forecast that City will post 7.78 earnings per share for the current year.
Insider Buying and Selling at City
In other news, EVP Michael T. Quinlan, Jr. sold 600 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now owns 2,000 shares in the company, valued at approximately $231,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael T. Quinlan, Jr. sold 600 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now directly owns 2,000 shares of the company's stock, valued at $231,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Dallas Kayser sold 1,784 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total value of $237,860.72. Following the completion of the transaction, the director now owns 23,637 shares of the company's stock, valued at $3,151,521.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,384 shares of company stock worth $422,233. 2.39% of the stock is owned by insiders.
Institutional Investors Weigh In On City
A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of City by 95.8% in the second quarter. GAMMA Investing LLC now owns 231 shares of the bank's stock valued at $25,000 after purchasing an additional 113 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of City during the 3rd quarter worth approximately $59,000. Bessemer Group Inc. boosted its holdings in City by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank's stock valued at $132,000 after acquiring an additional 604 shares during the period. Crossmark Global Holdings Inc. purchased a new position in City in the third quarter worth approximately $199,000. Finally, SG Americas Securities LLC acquired a new stake in shares of City in the 1st quarter valued at about $180,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.
About City
(
Get Free Report)
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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