City (NASDAQ:CHCO) Price Target Raised to $143.00

City (NASDAQ:CHCO) had its price objective boosted by Hovde Group from $135.00 to $143.00 in a research report released on Monday morning, Marketbeat reports. They currently have a market perform rating on the bank’s stock.

Separately, Weiss Ratings upgraded City from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, City has an average rating of “Hold” and a consensus target price of $136.50.

City Stock Up 0.2%

CHCO stock opened at $145.21 on Monday. City has a fifty-two week low of $113.21 and a fifty-two week high of $146.66. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 15.89 and a beta of 0.49. The business’s 50 day moving average price is $131.27 and its two-hundred day moving average price is $125.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.84.

City (NASDAQ:CHCO) last released 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. City had a return on equity of 16.38% and a net margin of 32.58%.The company had revenue of $81.52 million during the quarter, compared to analysts’ expectations of $80.64 million. As a group, analysts forecast that City will post 9.29 earnings per share for the current fiscal year.

City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th. City’s dividend payout ratio is currently 38.07%.

Insider Buying and Selling

In related news, CFO David L. Bumgarner sold 1,161 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $124.50, for a total transaction of $144,544.50. Following the sale, the chief financial officer directly owned 10,666 shares of the company’s stock, valued at approximately $1,327,917. This represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles R. Hageboeck sold 1,858 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $124.40, for a total transaction of $231,135.20. Following the sale, the chief executive officer owned 48,483 shares of the company’s stock, valued at approximately $6,031,285.20. This represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 544 shares of company stock worth $71,900 and have sold 5,535 shares worth $689,777. 1.75% of the stock is currently owned by company insiders.

Institutional Trading of City

Large investors have recently made changes to their positions in the stock. First Horizon Corp lifted its position in City by 146.0% during the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock valued at $29,000 after purchasing an additional 146 shares during the period. Kestra Advisory Services LLC purchased a new stake in City during the 4th quarter valued at $29,000. Quarry LP bought a new position in shares of City during the 3rd quarter valued at $32,000. Simplex Trading LLC bought a new position in shares of City during the 4th quarter valued at $36,000. Finally, Geneos Wealth Management Inc. boosted 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 worth $46,000 after buying an additional 198 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors.

Trending Headlines about City

Here are the key news stories impacting City this week:

• Positive Sentiment: Analyst upgrade lifts momentum: CHCO reached a new 52-week high after an analyst upgrade. Hovde Group also raised its price target to $143 from $135, signaling improved expectations for the bank’s valuation, although it retained a “market perform” rating. City Hits New 52-Week High After Analyst Upgrade
• Positive Sentiment: Quarterly earnings exceeded expectations: City Holding reported $2.35 in quarterly EPS, beating the $2.23 consensus estimate, while revenue of $81.52 million topped expectations of approximately $80.65 million. The bank’s 32.58% net margin and 16.38% return on equity further support the fundamental case for the stock.
• Positive Sentiment: Several directors bought shares: Directors Robert D. Fisher, Diane W. Strong-Treister, James A. Hoyer and Javier A. Reyes collectively purchased 444 shares at $134.55 per share, worth approximately $59,740. The purchases increased their respective holdings and may reinforce confidence in City’s prospects, although all trades were made under pre-arranged Rule 10b5-1 plans. City Director Javier Reyes Acquires Shares
• Positive Sentiment: Dividend supports income appeal: City declared a quarterly dividend of $0.87, equivalent to $3.48 annually and a yield of about 2.4%. The 38.07% payout ratio suggests room to maintain the shareholder distribution.
• Neutral Sentiment: Valuation may limit further upside: The broader analyst consensus remains “Hold,” with an average target of $136.50—below the stock’s recent trading level. Hovde’s higher target is constructive, but its neutral rating indicates analysts are not uniformly bullish.

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.