Susquehanna Fundamental Investments LLC Makes New $985,000 Investment in City Holding Company $CHCO

Susquehanna Fundamental Investments LLC acquired a new stake in City Holding Company (NASDAQ:CHCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,428 shares of the bank’s stock, valued at approximately $985,000.

A number of other hedge funds also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of City in the second quarter valued at $27,000. Kestra Advisory Services LLC purchased a new stake in City during the 4th quarter worth $29,000. Quarry LP purchased a new stake in City during the 3rd quarter worth $32,000. Simplex Trading LLC acquired a new position in City in the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in City by 113.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Insider Activity

In related news, CEO Charles R. Hageboeck sold 4,485 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $144.96, for a total transaction of $650,145.60. Following the completion of the sale, the chief executive officer owned 43,998 shares of the company’s stock, valued at $6,377,950.08. This represents a 9.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sharon H. 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 sale, the director owned 10,576 shares in the company, valued at approximately $1,522,520.96. This trade represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 444 shares of company stock valued at $59,740 over the last ninety days. Company insiders own 1.75% of the company’s stock.

City Price Performance

Shares of CHCO opened at $142.24 on Wednesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.56 and a beta of 0.48. The stock has a 50 day moving average of $140.18 and a 200-day moving average of $129.34. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. City Holding Company has a 52 week low of $113.21 and a 52 week high of $148.99.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. As a group, analysts forecast that City Holding Company will post 9.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHCO. Hovde Group lifted their target price on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $136.50.

About City

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.