Javier Reyes Purchases 105 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) Director Javier Reyes purchased 105 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $115.88 per share, with a total value of $12,167.40. Following the completion of the purchase, the director owned 2,182 shares of the company’s stock, valued at $252,850.16. This represents a 5.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

City Stock Down 0.7%

City stock traded down $0.83 during trading hours on Monday, hitting $117.16. 148,655 shares of the stock traded hands, compared to its average volume of 88,592. City Holding Company has a one year low of $102.22 and a one year high of $133.59. The firm’s 50-day moving average price is $123.13 and its two-hundred day moving average price is $123.23. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.68 billion, a PE ratio of 13.11 and a beta of 0.51.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.11). The firm had revenue of $60.83 million during the quarter, compared to the consensus estimate of $81.38 million. City had a return on equity of 16.61% and a net margin of 32.56%. On average, research analysts forecast that City Holding Company will post 7.58 EPS for the current year.

Hedge Funds Weigh In On City

Several hedge funds and other institutional investors have recently bought and sold shares of CHCO. State Street Corp boosted its holdings in shares of City by 1.0% during the 2nd quarter. State Street Corp now owns 639,166 shares of the bank’s stock valued at $78,247,000 after acquiring an additional 6,371 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of City by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank’s stock valued at $70,740,000 after purchasing an additional 6,552 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of City by 0.6% during the fourth quarter. JPMorgan Chase & Co. now owns 213,447 shares of the bank’s stock valued at $25,443,000 after purchasing an additional 1,354 shares during the last quarter. Two Sigma Investments LP lifted its position in City by 136.4% during the third quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock valued at $15,335,000 after purchasing an additional 71,436 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in City by 19.6% in the third quarter. Qube Research & Technologies Ltd now owns 94,830 shares of the bank’s stock worth $11,747,000 after purchasing an additional 15,546 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Finally, Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, City presently has an average rating of “Hold” and an average price target of $134.50.

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.