7,428 Shares in City Holding Company $CHCO Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in City Holding Company (NASDAQ:CHCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,428 shares of the bank’s stock, valued at approximately $985,000. Susquehanna Fundamental Investments LLC owned about 0.05% of City as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in shares of City during the second quarter worth about $27,000. Kestra Advisory Services LLC purchased a new stake in City during the 4th quarter valued at approximately $29,000. Quarry LP acquired a new stake in City during the 3rd quarter worth approximately $32,000. Simplex Trading LLC purchased a new position in shares of City in the 4th quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of City by 113.1% in the 2nd 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 and hedge funds own 72.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHCO. Hovde Group increased their price target on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.50.

Insider Buying and Selling at City

In related news, CEO Charles R. Hageboeck sold 4,485 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $144.96, for a total transaction of $650,145.60. Following the sale, the chief executive officer owned 43,998 shares in the company, valued at approximately $6,377,950.08. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sharon H. Rowe sold 400 shares of City stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total transaction of $57,584.00. Following the completion of the sale, the director directly owned 10,576 shares of the company’s stock, valued at $1,522,520.96. The trade was a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 444 shares of company stock valued at $59,740 in the last three months. 1.75% of the stock is currently owned by company insiders.

City Stock Down 0.5%

City stock opened at $142.24 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.56 and a beta of 0.48. City Holding Company has a fifty-two week low of $113.21 and a fifty-two week high of $148.99. The stock’s fifty day moving average is $140.18 and its two-hundred day moving average is $129.34.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. City had a net margin of 32.58% and a return on equity of 16.34%. The business had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. Analysts predict that City Holding Company will post 9.29 EPS for the current fiscal year.

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.