City (NASDAQ:CHCO) Director Diane Strong-Treister Buys 110 Shares of Stock

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister acquired 110 shares of the stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average cost of $134.55 per share, with a total value of $14,800.50. Following the transaction, the director directly owned 4,097 shares in the company, valued at approximately $551,251.35. This represents a 2.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Trading Up 0.7%

Shares of NASDAQ:CHCO opened at $144.90 on Wednesday. The business’s 50-day moving average is $130.84 and its 200 day moving average is $125.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.84 and a quick ratio of 0.84. City Holding Company has a 1 year low of $113.21 and a 1 year high of $146.66. The firm has a market capitalization of $2.04 billion, a P/E ratio of 15.85 and a beta of 0.49.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. City had a return on equity of 16.38% and a net margin of 32.58%.The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. On average, research analysts predict that City Holding Company will post 9.14 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. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th. City’s payout ratio is currently 38.07%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CHCO shares. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. Hovde Group lifted their price target on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $136.50.

More City News

Here are the key news stories impacting City this week:

• Positive Sentiment: Analyst upgrade supports momentum: City Holding reached a new 52-week high after receiving an analyst upgrade, providing a positive catalyst for CHCO. City Hits New 52-Week High After Analyst Upgrade
• Positive Sentiment: Multiple director purchases: Directors Robert D. Fisher, Diane W. Strong-Treister, James A. Hoyer and Javier A. Reyes collectively bought 444 shares at $134.55 each, investing approximately $59,740. The purchases increased their individual holdings and may reinforce investor confidence in the bank’s prospects. Robert Fisher SEC filing
• Positive Sentiment: Income-investment appeal: A recent analysis highlighted City Holding as a potential dividend-stock choice, which could attract investors seeking reliable shareholder returns. City Holding Could Be a Great Choice
• Neutral Sentiment: Higher target but cautious rating: Hovde Group raised its price target from $135 to $143 while maintaining a “market perform” rating. The increase reflects improved valuation expectations, but the neutral rating limits the bullishness of the call.

Institutional Trading of City

Large investors have recently made changes to their positions in the business. Ledgewood Wealth Advisors LLC acquired a new stake in shares of City in the second quarter worth $202,000. GAMMA Investing LLC grew its position in City by 38.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,197 shares of the bank’s stock worth $159,000 after purchasing an additional 333 shares during the period. Amundi raised its stake in shares of City by 37.7% during the 1st quarter. Amundi now owns 2,794 shares of the bank’s stock valued at $334,000 after buying an additional 765 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of City by 41.3% during the 1st quarter. Quantinno Capital Management LP now owns 8,429 shares of the bank’s stock valued at $1,008,000 after buying an additional 2,465 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of City by 55.0% in the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock valued at $7,373,000 after buying an additional 21,898 shares during the period. 72.43% of the stock is owned by hedge funds and other institutional investors.

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.