DA Davidson Has Negative Outlook for City FY2025 Earnings

City Holding (NASDAQ:CHCO - Free Report) - Equities research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for City in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will earn $7.30 per share for the year, down from their prior estimate of $7.40. The consensus estimate for City's current full-year earnings is $7.84 per share.

City (NASDAQ:CHCO - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.10. The company had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%.

Several other equities research analysts have also recently weighed in on CHCO. Piper Sandler reiterated a "neutral" rating and issued a $135.00 price objective on shares of City in a report on Friday, November 8th. Keefe, Bruyette & Woods lifted their price target on shares of City from $120.00 to $130.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

City Trading Down 0.3 %

Shares of NASDAQ:CHCO traded down $0.34 during midday trading on Monday, hitting $121.05. 47,467 shares of the stock traded hands, compared to its average volume of 57,659. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.78 billion, a PE ratio of 15.54 and a beta of 0.49. City has a one year low of $97.50 and a one year high of $137.28. The business's 50 day moving average is $125.69 and its two-hundred day moving average is $117.64.

City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, January 15th. City's payout ratio is presently 40.56%.

Insider Activity at City

In related news, EVP John A. Derito sold 1,243 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.93, for a total transaction of $170,203.99. Following the sale, the executive vice president now owns 28,757 shares of the company's stock, valued at $3,937,696.01. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Dallas Kayser sold 1,784 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total transaction of $237,860.72. Following the completion of the sale, the director now owns 23,637 shares in the company, valued at approximately $3,151,521.21. This trade represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,092 shares of company stock worth $1,196,697 over the last ninety days. 2.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CHCO. nVerses Capital LLC bought a new position in shares of City during the third quarter valued at $59,000. Point72 DIFC Ltd purchased a new stake in City during the 3rd quarter valued at about $134,000. Crossmark Global Holdings Inc. bought a new stake in City during the 3rd quarter valued at about $199,000. Intech Investment Management LLC purchased a new position in City in the second quarter worth about $208,000. Finally, Quantbot Technologies LP bought a new position in shares of City in the third quarter worth approximately $214,000. Hedge funds and other institutional investors own 72.43% of the company's stock.

City Company Profile

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.