City Holding (NASDAQ:CHCO - Free Report) - Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of City in a research report issued on Wednesday, February 5th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $7.40 per share for the year, up from their previous estimate of $7.30. The consensus estimate for City's current full-year earnings is $7.58 per share.
CHCO has been the topic of a number of other reports. Keefe, Bruyette & Woods raised their price target on shares of City from $120.00 to $130.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler cut their target price on City from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, January 24th.
View Our Latest Research Report on CHCO
City Trading Up 1.0 %
NASDAQ:CHCO traded up $1.24 on Friday, reaching $119.71. The company's stock had a trading volume of 10,084 shares, compared to its average volume of 57,071. City has a 1-year low of $97.50 and a 1-year high of $137.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $1.76 billion, a PE ratio of 15.17 and a beta of 0.51. The business's 50-day moving average price is $121.29 and its two-hundred day moving average price is $120.25.
City (NASDAQ:CHCO - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.03. City had a net margin of 30.83% and a return on equity of 16.49%.
City Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.79 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. City's dividend payout ratio is currently 40.05%.
Insiders Place Their Bets
In other City news, Director Charles W. Fairchilds sold 500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total transaction of $60,250.00. Following the transaction, the director now directly owns 1,014 shares in the company, valued at approximately $122,187. This represents a 33.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles R. Hageboeck sold 6,065 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $130.03, for a total transaction of $788,631.95. Following the transaction, the chief executive officer now owns 44,974 shares in the company, valued at $5,847,969.22. This represents a 11.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,364 shares of company stock valued at $1,085,806. 2.45% of the stock is currently owned by insiders.
Institutional Investors Weigh In On City
Several institutional investors have recently bought and sold shares of CHCO. Smartleaf Asset Management LLC grew its position in City by 710.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the bank's stock worth $56,000 after purchasing an additional 405 shares in the last quarter. nVerses Capital LLC bought a new position in City in the 3rd quarter valued at $59,000. KBC Group NV raised its stake in shares of City by 60.3% during the 4th quarter. KBC Group NV now owns 843 shares of the bank's stock worth $100,000 after purchasing an additional 317 shares during the period. Point72 DIFC Ltd bought a new position in City during the third quarter valued at about $134,000. Finally, PNC Financial Services Group Inc. boosted its stake in City by 10.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,366 shares of the bank's stock valued at $162,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 72.43% of the company's stock.
About City
(
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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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