Insider Buying: City (NASDAQ:CHCO) Director Acquires $14,948.52 in Stock

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister acquired 129 shares of the business’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $115.88 per share, with a total value of $14,948.52. Following the transaction, the director owned 3,871 shares in the company, valued at approximately $448,571.48. The trade was a 3.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

City Trading Down 0.5%

CHCO opened at $117.81 on Thursday. City Holding Company has a fifty-two week low of $102.22 and a fifty-two week high of $133.59. 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 company has a market cap of $1.69 billion, a price-to-earnings ratio of 13.18 and a beta of 0.51. The firm has a 50 day simple moving average of $122.90 and a 200 day simple moving average of $123.06.

City (NASDAQ:CHCO) last announced 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). City had a return on equity of 16.61% and a net margin of 32.56%.The business had revenue of $60.83 million during the quarter, compared to the consensus estimate of $81.38 million. On average, sell-side analysts anticipate that City Holding Company will post 7.58 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp grew its position in City by 146.0% in the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in City during the 4th quarter valued at $29,000. Quarry LP purchased a new stake in shares of City during the third quarter worth about $32,000. Simplex Trading LLC bought a new stake in shares of City in the 4th quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. increased its position in City by 113.1% during 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 period. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHCO. Piper Sandler raised their target price on City from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of City in a research report on Tuesday, December 23rd. Finally, Wall Street Zen downgraded City from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.50.

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.