City Holding Company (NASDAQ:CHCO – Get Free Report) shares saw an uptick in trading volume on Monday . Approximately 51,421 shares traded hands during mid-day trading, a decline of 55% from the previous session’s volume of 114,548 shares.The stock last traded at $142.5750 and had previously closed at $143.46.
Wall Street Analysts Forecast Growth
CHCO has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 24th. Hovde Group lifted their target price on shares of City from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $136.50.
View Our Latest Stock Analysis on CHCO
City Price Performance
City (NASDAQ:CHCO – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.34%. On average, equities research analysts predict that City Holding Company will post 9.29 earnings per share for the current fiscal year.
Insider Buying and Selling at City
In other news, CEO Charles R. Hageboeck sold 4,485 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $144.96, for a total transaction of $650,145.60. Following the sale, the chief executive officer owned 43,998 shares in the company, valued at $6,377,950.08. This trade represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sharon H. Rowe sold 400 shares of City stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total value of $57,584.00. Following the completion of the sale, the director directly owned 10,576 shares of the company’s stock, valued at approximately $1,522,520.96. This represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 444 shares of company stock valued at $59,740 over the last quarter. 1.75% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of City in the second quarter worth about $27,000. Kestra Advisory Services LLC acquired a new stake in shares of City in the fourth quarter valued at about $29,000. Quarry LP purchased a new stake in shares of City during the 3rd quarter valued at about $32,000. Simplex Trading LLC purchased a new stake in shares of City during the 4th quarter valued at about $36,000. Finally, Archer Investment Corp acquired a new position in City during the 2nd quarter worth approximately $49,000. 72.43% of the stock is owned by hedge funds and other institutional investors.
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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