City (NASDAQ:CHCO) Director Purchases $12,782.25 in Stock

City Holding Company (NASDAQ:CHCO) Director James Hoyer acquired 95 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was acquired at an average price of $134.55 per share, with a total value of $12,782.25. Following the transaction, the director directly owned 702 shares of the company’s stock, valued at $94,454.10. This represents a 15.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Price Performance

City stock opened at $144.50 on Friday. The company has a market cap of $2.04 billion, a P/E ratio of 15.81 and a beta of 0.49. City Holding Company has a one year low of $113.21 and a one year high of $146.66. The business has a fifty day moving average of $131.67 and a two-hundred day moving average of $125.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.84.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $81.52 million for the quarter, compared to analysts’ expectations of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.38%. As a group, analysts predict that City Holding Company will post 9.29 earnings per share for the current fiscal year.

City Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHCO. Hovde Group increased 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. Weiss Ratings raised City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $136.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP boosted its position in shares of City by 136.4% in the 3rd quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock worth $15,335,000 after buying an additional 71,436 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in City by 63.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock valued at $9,543,000 after acquiring an additional 29,828 shares during the last quarter. Renaissance Technologies LLC increased its holdings in City by 55.0% during the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock valued at $7,373,000 after acquiring an additional 21,898 shares in the last quarter. Marshall Wace LLP purchased a new position in City during the 2nd quarter valued at about $2,216,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in City during the fourth quarter worth about $2,157,000. Institutional investors and hedge funds own 72.43% of the company’s stock.

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.