City (NASDAQ:CHCO) Director Javier Reyes Buys 83 Shares

City Holding Company (NASDAQ:CHCO) Director Javier Reyes purchased 83 shares of the stock in a transaction on Tuesday, July 21st. The stock was acquired at an average price of $134.55 per share, for a total transaction of $11,167.65. Following the completion of the purchase, the director directly owned 2,368 shares in the company, valued at approximately $318,614.40. The trade was a 3.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Stock Up 0.6%

NASDAQ:CHCO traded up $0.84 on Tuesday, hitting $144.75. 79,309 shares of the company’s stock were exchanged, compared to its average volume of 117,856. The firm has a 50-day moving average price of $130.40 and a 200-day moving average price of $125.46. City Holding Company has a 52 week low of $113.21 and a 52 week high of $146.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $2.04 billion, a P/E ratio of 15.84 and a beta of 0.49.

City (NASDAQ:CHCO) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $81.52 million during the quarter, compared to analysts’ expectations of $80.64 million. City had a return on equity of 16.38% and a net margin of 32.58%. As a group, analysts expect that City Holding Company will post 8.99 EPS for the current fiscal year.

City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, July 15th. City’s dividend payout ratio (DPR) is currently 38.07%.

City News Roundup

Here are the key news stories impacting City this week:

• Positive Sentiment: City stock reached a new 52-week high following an analyst upgrade, signaling improved market sentiment toward the bank’s outlook. City Hits New 52-Week High After Analyst Upgrade
• Positive Sentiment: Four City directors collectively purchased 444 shares at $134.55 per share, representing additional investments of about $59,740. The purchases may reassure investors about management’s confidence in the company, although each transaction was executed under a pre-arranged Rule 10b5-1 plan. Robert Fisher SEC filing Diane Strong-Treister SEC filing James Hoyer SEC filing Javier Reyes SEC filing
• Neutral Sentiment: A Zacks article highlighted City Holding as a potentially attractive dividend stock. The coverage may support interest from income-oriented investors, but it did not disclose a new dividend increase or other company action. City Holding Could Be a Great Choice
• Negative Sentiment: Hovde Group raised its price target from $135 to $143 but retained a “market perform” rating. Because the new target is below the stock’s recent trading level, the call suggests limited near-term upside despite the higher valuation estimate. Hovde Group analyst coverage

Hedge Funds Weigh In On City

A number of institutional investors have recently bought and sold shares of CHCO. Royal Bank of Canada raised its stake in City by 5.6% in the first quarter. Royal Bank of Canada now owns 15,586 shares of the bank’s stock valued at $1,831,000 after buying an additional 821 shares during the period. AQR Capital Management LLC increased its holdings in shares of City by 34.5% during the 1st quarter. AQR Capital Management LLC now owns 8,977 shares of the bank’s stock worth $1,055,000 after acquiring an additional 2,305 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of City by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,634 shares of the bank’s stock worth $1,014,000 after acquiring an additional 387 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in City during the 1st quarter valued at $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in City by 7.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,285 shares of the bank’s stock valued at $4,497,000 after purchasing an additional 2,603 shares during the last quarter. Institutional investors and hedge funds own 72.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.