BidaskClub cut shares of City Holding Company (NASDAQ:CHCO) from a hold rating to a sell rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded City Holding from a hold rating to a strong-buy rating and set a $78.00 price target on the stock in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. City Holding presently has an average rating of Hold and a consensus target price of $70.33.

Shares of City Holding (NASDAQ:CHCO) traded down $0.21 on Friday, reaching $65.50. 56,800 shares of the company’s stock traded hands, compared to its average volume of 68,705. City Holding has a 52 week low of $56.36 and a 52 week high of $74.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $1,022.98, a PE ratio of 17.06, a PEG ratio of 1.71 and a beta of 0.85.

City Holding (NASDAQ:CHCO) last announced its earnings results on Wednesday, October 18th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. City Holding had a net margin of 29.25% and a return on equity of 12.34%. The company had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $47.18 million. During the same quarter in the previous year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. sell-side analysts predict that City Holding will post 3.84 EPS for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.69%. City Holding’s dividend payout ratio is presently 45.83%.

In other news, CEO Charles R. Hageboeck sold 2,000 shares of City Holding stock in a transaction on Monday, August 28th. The stock was sold at an average price of $62.78, for a total transaction of $125,560.00. Following the transaction, the chief executive officer now owns 72,984 shares in the company, valued at approximately $4,581,935.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its holdings in City Holding by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,656 shares of the bank’s stock valued at $241,000 after buying an additional 28 shares during the period. Louisiana State Employees Retirement System raised its holdings in City Holding by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,400 shares of the bank’s stock valued at $422,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its holdings in City Holding by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 8,170 shares of the bank’s stock valued at $538,000 after buying an additional 100 shares during the period. Texas Permanent School Fund raised its holdings in City Holding by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 11,390 shares of the bank’s stock valued at $750,000 after buying an additional 114 shares during the period. Finally, Bessemer Group Inc. raised its holdings in City Holding by 1.6% in the 2nd quarter. Bessemer Group Inc. now owns 22,559 shares of the bank’s stock valued at $1,486,000 after buying an additional 359 shares during the period. Institutional investors and hedge funds own 62.48% of the company’s stock.

City Holding Company Profile

City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

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