Boenning Scattergood reiterated their hold rating on shares of City (NASDAQ:CHCO) in a report released on Wednesday, TipRanks reports.

Several other research firms have also recently weighed in on CHCO. BidaskClub raised shares of City from a hold rating to a buy rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of City from a hold rating to a buy rating and set a $77.00 price target for the company in a research note on Friday, December 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $80.00.

CHCO stock opened at $82.56 on Wednesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.88 and a quick ratio of 0.88. City has a 12 month low of $65.32 and a 12 month high of $83.27.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.08. The company had revenue of $55.99 million during the quarter, compared to the consensus estimate of $55.33 million. City had a net margin of 31.15% and a return on equity of 15.26%. On average, sell-side analysts expect that City will post 5.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.53 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.12 annualized dividend and a dividend yield of 2.57%. City’s dividend payout ratio (DPR) is 41.09%.

In other news, EVP Craig G. Stilwell sold 818 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $79.35, for a total value of $64,908.30. Following the completion of the sale, the executive vice president now owns 23,124 shares of the company’s stock, valued at approximately $1,834,889.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles R. Hageboeck sold 1,593 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $79.50, for a total transaction of $126,643.50. Following the completion of the sale, the chief executive officer now directly owns 57,121 shares of the company’s stock, valued at approximately $4,541,119.50. The disclosure for this sale can be found here. In the last three months, insiders sold 6,565 shares of company stock valued at $522,916. Corporate insiders own 3.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of CHCO. Geode Capital Management LLC grew its position in City by 14.7% during the 4th quarter. Geode Capital Management LLC now owns 195,596 shares of the bank’s stock worth $13,220,000 after purchasing an additional 25,079 shares during the last quarter. Norges Bank purchased a new position in City during the 4th quarter worth $9,173,000. Macquarie Group Ltd. grew its position in City by 16.8% during the 4th quarter. Macquarie Group Ltd. now owns 549,557 shares of the bank’s stock worth $37,145,000 after purchasing an additional 78,873 shares during the last quarter. Legal & General Group Plc grew its position in City by 13.8% during the 4th quarter. Legal & General Group Plc now owns 40,274 shares of the bank’s stock worth $2,726,000 after purchasing an additional 4,887 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in City by 8.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,666 shares of the bank’s stock worth $788,000 after purchasing an additional 881 shares during the last quarter. 67.34% of the stock is owned by institutional investors and hedge funds.

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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

Read More: Special Dividends

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