Analysts Set City Holding Company (NASDAQ:CHCO) PT at $134.25

City Holding Company (NASDAQ:CHCO) has earned a consensus rating of “Hold” from the four research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $132.50.

Several analysts have recently issued reports on CHCO shares. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. Hovde Group lifted their price target on City from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th.

Insider Buying and Selling

In other news, EVP Michael T. Quinlan, Jr. sold 1,210 shares of City stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $126.09, for a total value of $152,568.90. Following the completion of the transaction, the executive vice president owned 3,314 shares in the company, valued at approximately $417,862.26. The trade was a 26.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles R. Hageboeck sold 1,858 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $124.40, for a total value of $231,135.20. Following the transaction, the chief executive officer directly owned 48,483 shares in the company, valued at approximately $6,031,285.20. This represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,600 shares of company stock valued at $1,575,978 over the last quarter. Company insiders own 1.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. First Horizon Corp lifted its holdings in shares of City by 146.0% in the 4th quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after acquiring an additional 146 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of City during the 4th quarter worth about $29,000. Quarry LP purchased a new position in shares of City during the 3rd quarter worth about $32,000. Simplex Trading LLC bought a new position in City during the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. grew its holdings 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 last quarter. Institutional investors own 72.43% of the company’s stock.

City Price Performance

City stock opened at $139.62 on Wednesday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 15.28 and a beta of 0.49. The firm’s fifty day moving average is $129.98 and its 200 day moving average is $125.30. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19. City has a 52-week low of $113.21 and a 52-week high of $140.27.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. City had a net margin of 32.58% and a return on equity of 16.38%. The business had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. Sell-side analysts forecast that City will post 8.99 EPS for the current fiscal year.

City Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 15th. This represents a $3.48 dividend on an annualized basis and a yield of 2.5%. City’s dividend payout ratio is 38.07%.

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.