Analysts Set City Holding Company (NASDAQ:CHCO) Target Price at $134.50

City Holding Company (NASDAQ:CHCO) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $134.50.

A number of analysts recently commented on the company. Piper Sandler raised their price target on City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of City in a research report on Tuesday, December 23rd. Finally, Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th.

Insider Activity at City

In related news, CEO Charles R. Hageboeck sold 2,017 shares of City stock in a transaction that occurred 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 in the company, valued at $6,077,324.12. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.87% of the stock is currently owned by insiders.

Institutional Trading of City

Hedge funds have recently modified their holdings of the business. Two Sigma Investments LP increased its position in City by 136.4% during the 3rd quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock valued at $15,335,000 after buying an additional 71,436 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of City by 63.2% in the third quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock worth $9,543,000 after acquiring an additional 29,828 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of City by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock valued at $26,272,000 after acquiring an additional 22,536 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of City during the second quarter valued at $2,249,000. Finally, Marshall Wace LLP purchased a new position in shares of City in the 2nd quarter worth about $2,216,000. Institutional investors own 72.43% of the company’s stock.

City Stock Performance

Shares of NASDAQ:CHCO opened at $125.53 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 14.04 and a beta of 0.52. City has a 12 month low of $102.22 and a 12 month high of $133.59. The company has a 50-day moving average price of $122.99 and a 200-day moving average price of $123.18.

City (NASDAQ:CHCO) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). The business had revenue of $60.83 million for the quarter, compared to the consensus estimate of $81.38 million. City had a net margin of 32.56% and a return on equity of 16.61%. As a group, equities analysts anticipate that City will post 7.58 EPS for the current year.

City Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 15th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. City’s dividend payout ratio is currently 38.93%.

About City

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.