City Holding Company (NASDAQ:CHCO – Get Free Report) Director Sharon Rowe sold 400 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total transaction of $57,584.00. Following the transaction, the director directly owned 10,576 shares in the company, valued at $1,522,520.96. The trade was a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
City Stock Up 0.2%
NASDAQ:CHCO opened at $143.46 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.70 and a beta of 0.48. City Holding Company has a one year low of $113.21 and a one year high of $148.99. The stock has a 50-day simple moving average of $139.62 and a 200 day simple moving average of $129.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.
City (NASDAQ:CHCO – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. City had a return on equity of 16.34% and a net margin of 32.58%.The company had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. Sell-side analysts predict that City Holding Company will post 9.29 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in City by 16,985.5% during the 2nd quarter. California State Teachers Retirement System now owns 2,293,213 shares of the bank’s stock valued at $304,172,000 after acquiring an additional 2,279,791 shares in the last quarter. BlackRock Inc. acquired a new position in shares of City during the second quarter valued at $270,231,000. State Street Corp raised its stake in shares of City by 1.0% during the second quarter. State Street Corp now owns 639,166 shares of the bank’s stock valued at $78,247,000 after purchasing an additional 6,371 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in City by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank’s stock worth $70,740,000 after purchasing an additional 6,552 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in City by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank’s stock valued at $56,217,000 after buying an additional 8,992 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.
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.
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