City (NASDAQ:CHCO) Director Diane Strong-Treister Acquires 129 Shares

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister acquired 129 shares of the stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $115.88 per share, with a total value of $14,948.52. Following the completion of the transaction, the director owned 3,871 shares in the company, valued at approximately $448,571.48. This represents a 3.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

City Stock Down 0.7%

Shares of NASDAQ:CHCO opened at $117.16 on Tuesday. City Holding Company has a 1 year low of $102.22 and a 1 year high of $133.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $123.01 and its 200-day moving average is $123.18. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.11 and a beta of 0.51.

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

Institutional Trading of City

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp boosted its stake in City by 146.0% in the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after acquiring an additional 146 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of City in the 4th quarter worth approximately $29,000. Quarry LP bought a new stake in shares of City in the 3rd quarter worth approximately $32,000. Simplex Trading LLC purchased a new position in City in the fourth quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its stake in City by 113.1% in the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock valued at $46,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

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