Hovde Group began coverage on shares of City (NASDAQ:CHCO) in a research report sent to investors on Monday morning, The Fly reports. The firm issued a market perform rating and a $76.00 target price on the bank’s stock.

A number of other research analysts also recently commented on CHCO. BidaskClub upgraded City from a sell rating to a hold rating in a research note on Monday, April 1st. Zacks Investment Research downgraded City from a buy rating to a hold rating in a research note on Tuesday, April 9th. Finally, Boenning Scattergood restated a hold rating on shares of City in a research note on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $78.67.

Shares of NASDAQ CHCO opened at $73.11 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. City has a one year low of $65.32 and a one year high of $83.27. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.73 and a beta of 0.80.

City (NASDAQ:CHCO) last issued its earnings results on Wednesday, April 17th. The bank reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. City had a return on equity of 15.10% and a net margin of 31.16%. The firm had revenue of $55.99 million for the quarter, compared to the consensus estimate of $55.33 million. On average, equities research analysts anticipate that City will post 5.29 EPS for the current fiscal year.

In other news, CEO Charles R. Hageboeck sold 8,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $80.27, for a total transaction of $642,160.00. Following the completion of the sale, the chief executive officer now owns 62,157 shares in the company, valued at approximately $4,989,342.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey Dale Legge sold 1,534 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $79.00, for a total value of $121,186.00. Following the sale, the chief accounting officer now owns 6,693 shares of the company’s stock, valued at approximately $528,747. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,173 shares of company stock valued at $1,131,079. 3.36% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of City during the 1st quarter worth about $33,000. Fifth Third Bancorp bought a new stake in shares of City during the 1st quarter worth about $53,000. Quantamental Technologies LLC bought a new stake in shares of City during the 4th quarter worth about $57,000. LS Investment Advisors LLC boosted its stake in shares of City by 183.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,273 shares of the bank’s stock worth $86,000 after acquiring an additional 824 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of City during the 4th quarter worth about $185,000. Institutional investors own 67.82% 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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

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