UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in City Holding Company $CHCO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of City Holding Company (NASDAQ:CHCO) by 23.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,671 shares of the bank’s stock after purchasing an additional 6,314 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in City were worth $4,466,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP increased its position in shares of City by 35.2% in the 1st quarter. First Trust Advisors LP now owns 61,693 shares of the bank’s stock valued at $7,374,000 after acquiring an additional 16,060 shares during the period. Renaissance Technologies LLC raised its stake in shares of City by 55.0% in the first quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock worth $7,373,000 after purchasing an additional 21,898 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of City in the fourth quarter worth about $1,353,000. BlackRock Inc. acquired a new stake in shares of City during the second quarter worth about $270,231,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of City by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank’s stock worth $56,217,000 after purchasing an additional 8,992 shares during the period. Institutional investors and hedge funds own 72.43% of the company’s stock.

City Stock Performance

City stock opened at $143.97 on Thursday. The firm has a 50 day simple moving average of $141.60 and a 200-day simple moving average of $130.14. 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 stock has a market cap of $2.02 billion, a price-to-earnings ratio of 15.75 and a beta of 0.48. City Holding Company has a 1-year low of $113.21 and a 1-year high of $148.99.

City (NASDAQ:CHCO) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The company had revenue of $81.52 million for the quarter, compared to the consensus estimate of $80.64 million. City had a return on equity of 16.34% and a net margin of 32.58%. On average, analysts expect that City Holding Company will post 9.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CHCO shares. Hovde Group increased their price target on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Weiss Ratings raised shares of City from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, City presently has an average rating of “Moderate Buy” and an average target price of $136.50.

Insider Activity at City

In other City news, Director Sharon H. Rowe sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total value of $57,584.00. Following the sale, the director 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Hageboeck sold 4,485 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $144.96, for a total value of $650,145.60. Following the transaction, the chief executive officer owned 43,998 shares of the company’s stock, valued at approximately $6,377,950.08. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 444 shares of company stock valued at $59,740 in the last quarter. 1.75% of the stock is owned by insiders.

City 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.