BidaskClub upgraded shares of City (NASDAQ:CHCO) from a sell rating to a hold rating in a research note released on Monday.

A number of other brokerages also recently issued reports on CHCO. Zacks Investment Research downgraded City from a hold rating to a sell rating in a report on Monday, October 23rd. Boenning Scattergood restated a hold rating on shares of City in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $72.00 price target on City and gave the company a hold rating in a report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $70.75.

City (CHCO) opened at $65.80 on Monday. City has a twelve month low of $58.80 and a twelve month high of $74.90. The stock has a market capitalization of $1,078.43, a PE ratio of 18.85, a P/E/G ratio of 1.93 and a beta of 0.77. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, January 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.80%. This is a boost from City’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, January 11th. City’s payout ratio is presently 52.72%.

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

A number of institutional investors have recently bought and sold shares of CHCO. Schwab Charles Investment Management Inc. boosted its position in City by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 68,045 shares of the bank’s stock valued at $4,483,000 after acquiring an additional 3,617 shares in the last quarter. Wells Fargo & Company MN boosted its position in City by 5.6% during the 2nd quarter. Wells Fargo & Company MN now owns 35,290 shares of the bank’s stock valued at $2,324,000 after acquiring an additional 1,875 shares in the last quarter. Teachers Advisors LLC boosted its position in City by 9.9% during the 2nd quarter. Teachers Advisors LLC now owns 31,098 shares of the bank’s stock valued at $2,048,000 after acquiring an additional 2,797 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in City by 10.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 45,597 shares of the bank’s stock valued at $3,003,000 after acquiring an additional 4,303 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in City by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 104,355 shares of the bank’s stock valued at $6,874,000 after acquiring an additional 645 shares in the last quarter. 64.81% of the stock is currently owned by institutional investors and hedge funds.

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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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