Charles Hageboeck Sells 1,275 Shares of City (NASDAQ:CHCO) Stock

City Holding Company (NASDAQ:CHCO) CEO Charles Hageboeck sold 1,275 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $125.33, for a total transaction of $159,795.75. Following the completion of the sale, the chief executive officer directly owned 49,084 shares of the company’s stock, valued at $6,151,697.72. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

City Stock Performance

Shares of NASDAQ:CHCO traded down $4.03 on Monday, reaching $120.94. 34,383 shares of the company’s stock were exchanged, compared to its average volume of 85,188. City Holding Company has a twelve month low of $102.22 and a twelve month high of $133.59. The company has a fifty day moving average of $123.92 and a 200-day moving average of $123.31. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.50 and a beta of 0.52. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

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

Institutional Trading of City

A number of hedge funds and other institutional investors have recently modified their holdings of CHCO. Mercer Global Advisors Inc. ADV bought a new position in shares of City in the 4th quarter valued at $202,000. XTX Topco Ltd bought a new stake in City during the 4th quarter worth $712,000. Zacks Investment Management increased its holdings in City by 3.6% in the 4th quarter. Zacks Investment Management now owns 24,584 shares of the bank’s stock worth $2,930,000 after purchasing an additional 844 shares in the last quarter. Numerai GP LLC bought a new position in City in the fourth quarter valued at about $754,000. Finally, Inspire Investing LLC boosted its stake in shares of City by 5.0% during the fourth quarter. Inspire Investing LLC now owns 3,843 shares of the bank’s stock valued at $458,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHCO. Wall Street Zen cut City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Piper Sandler increased their price objective on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, City 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.