City (NASDAQ:CHCO) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the company. ValuEngine raised City from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research raised City from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, July 16th. DA Davidson set a $77.00 price objective on City and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of City in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. City currently has a consensus rating of “Hold” and a consensus price target of $78.67.

CHCO stock opened at $78.06 on Friday. The company has a market capitalization of $1.21 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.90 and a quick ratio of 0.90. City has a 12-month low of $64.32 and a 12-month high of $83.27.

City (NASDAQ:CHCO) last released its earnings results on Thursday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. The company had revenue of $49.18 million during the quarter, compared to analyst estimates of $48.59 million. City had a return on equity of 13.85% and a net margin of 29.49%. analysts anticipate that City will post 4.88 earnings per share for the current fiscal year.

In related news, CAO Jeffrey Dale Legge sold 325 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.78, for a total value of $26,253.50. Following the transaction, the chief accounting officer now owns 5,927 shares in the company, valued at $478,783.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Craig G. Stilwell sold 2,825 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $82.70, for a total value of $233,627.50. Following the completion of the transaction, the executive vice president now owns 23,942 shares in the company, valued at approximately $1,980,003.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,156 shares of company stock worth $748,892. 3.83% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of CHCO. BlackRock Inc. lifted its position in shares of City by 5.8% during the second quarter. BlackRock Inc. now owns 2,138,973 shares of the bank’s stock worth $160,914,000 after acquiring an additional 116,628 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of City by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 722,535 shares of the bank’s stock worth $54,357,000 after acquiring an additional 23,551 shares in the last quarter. FMR LLC lifted its position in shares of City by 5.7% during the second quarter. FMR LLC now owns 662,748 shares of the bank’s stock worth $49,859,000 after acquiring an additional 35,748 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of City by 1.6% during the first quarter. JPMorgan Chase & Co. now owns 512,942 shares of the bank’s stock worth $35,168,000 after acquiring an additional 8,061 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of City by 0.6% during the second quarter. Northern Trust Corp now owns 478,736 shares of the bank’s stock worth $36,015,000 after acquiring an additional 2,866 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.

City Company Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

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