City Holding Company $CHCO Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in City Holding Company (NASDAQ:CHCO) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 212,093 shares of the bank’s stock after buying an additional 22,536 shares during the period. JPMorgan Chase & Co. owned approximately 1.46% of City worth $26,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of City by 113.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after acquiring an additional 198 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of City by 463.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 428 shares of the bank’s stock valued at $52,000 after purchasing an additional 352 shares during the period. CWM LLC increased its stake in City by 45.9% in the 3rd quarter. CWM LLC now owns 467 shares of the bank’s stock worth $58,000 after purchasing an additional 147 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in City by 28.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 497 shares of the bank’s stock worth $61,000 after buying an additional 110 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in City during the first quarter valued at about $104,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

Analyst Upgrades and Downgrades

CHCO has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.50.

City Trading Down 2.6%

City stock opened at $119.97 on Friday. City Holding Company has a 12 month low of $102.22 and a 12 month high of $133.59. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.72 billion, a P/E ratio of 13.42 and a beta of 0.52. The company’s fifty day simple moving average is $123.51 and its 200-day simple moving average is $123.34.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). City had a net margin of 32.56% and a return on equity of 16.61%. The firm had revenue of $60.83 million for the quarter, compared to analyst estimates of $81.38 million. As a group, sell-side analysts forecast that City Holding Company will post 7.58 EPS for the current fiscal year.

Insider Activity

In related news, CEO Charles R. Hageboeck sold 1,275 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $125.33, for a total transaction of $159,795.75. Following the transaction, the chief executive officer owned 49,084 shares of the company’s stock, valued at approximately $6,151,697.72. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.87% of the stock is currently owned by corporate insiders.

City Company 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.