BidaskClub lowered shares of City (NASDAQ:CHCO) from a hold rating to a sell rating in a report released on Tuesday morning.

Separately, Zacks Investment Research cut shares of City from a hold rating to a sell rating in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $70.33.

Shares of City (NASDAQ CHCO) opened at $67.84 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $1,050.63, a PE ratio of 17.52, a P/E/G ratio of 1.75 and a beta of 0.83. City has a 52 week low of $58.80 and a 52 week high of $74.90.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, October 18th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $47.18 million. City had a net margin of 29.25% and a return on equity of 12.34%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. research analysts forecast that City will post 3.83 EPS for the current fiscal year.

In other City news, CFO David L. Bumgarner sold 1,000 shares of City stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the transaction, the chief financial officer now owns 10,965 shares in the company, valued at $800,445. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.88% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CHCO. Victory Capital Management Inc. grew its holdings in shares of City by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,052 shares of the bank’s stock worth $201,000 after buying an additional 458 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of City during the second quarter worth about $222,000. Neuberger Berman Group LLC grew its holdings in shares of City by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,656 shares of the bank’s stock worth $241,000 after buying an additional 28 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of City during the second quarter worth about $241,000. Finally, Trexquant Investment LP purchased a new stake in shares of City during the second quarter worth about $244,000. Institutional investors and hedge funds own 64.97% of the company’s stock.

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About City

City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

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