Brokerages Set City Holding Company (NASDAQ:CHCO) Target Price at $133.25

City Holding Company (NASDAQ:CHCO) has been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $133.25.

Several brokerages have recently weighed in on CHCO. Piper Sandler started coverage on City in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $125.00 price objective for the company. Zacks Research downgraded shares of City from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Wall Street Zen lowered shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd.

Insider Buying and Selling at City

In other news, CEO Charles R. Hageboeck sold 2,017 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $120.68, for a total transaction of $243,411.56. Following the sale, the chief executive officer directly owned 50,359 shares of the company’s stock, valued at $6,077,324.12. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders acquired 416 shares of company stock worth $48,768. Company insiders own 1.87% of the company’s stock.

Hedge Funds Weigh In On City

A number of institutional investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS raised its holdings in City by 3.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 3,200 shares of the bank’s stock worth $392,000 after buying an additional 100 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of City by 28.4% in the second quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock worth $61,000 after buying an additional 110 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of City by 0.9% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,822 shares of the bank’s stock worth $1,570,000 after acquiring an additional 116 shares in the last quarter. CWM LLC raised its holdings in shares of City by 45.9% during the third quarter. CWM LLC now owns 467 shares of the bank’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of City by 1.9% during the third quarter. Franklin Resources Inc. now owns 9,905 shares of the bank’s stock valued at $1,227,000 after acquiring an additional 186 shares during the period. Hedge funds and other institutional investors own 72.43% of the company’s stock.

City Trading Down 1.3%

Shares of NASDAQ:CHCO opened at $122.12 on Friday. The company has a 50 day moving average of $122.04 and a 200-day moving average of $123.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.76 billion, a P/E ratio of 14.04 and a beta of 0.52. City has a twelve month low of $102.22 and a twelve month high of $133.59.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.41 EPS for the quarter, topping the consensus estimate of $2.15 by $0.26. The firm had revenue of $61.29 million for the quarter, compared to analysts’ expectations of $80.17 million. City had a return on equity of 16.66% and a net margin of 32.33%. As a group, analysts anticipate that City will post 7.58 earnings per share for the current fiscal year.

City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, January 15th. City’s dividend payout ratio is 40.00%.

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.