City Holding Company (NASDAQ:CHCO) CAO Jeffrey Dale Legge sold 1,579 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $65.60, for a total transaction of $103,582.40. Following the completion of the sale, the chief accounting officer now directly owns 9,246 shares of the company’s stock, valued at approximately $606,537.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
City Holding Company (NASDAQ:CHCO) traded down 0.78% during midday trading on Friday, reaching $66.39. 96,910 shares of the company’s stock were exchanged. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 17.88 and a beta of 0.85. The firm has a 50-day moving average price of $66.77 and a 200 day moving average price of $65.89. City Holding Company has a 12-month low of $42.98 and a 12-month high of $74.90.
City Holding Company (NASDAQ:CHCO) last issued its quarterly earnings data on Monday, April 24th. The bank reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. City Holding Company had a net margin of 28.38% and a return on equity of 12.60%. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $46.99 million. During the same quarter in the prior year, the business earned $0.78 EPS. On average, analysts expect that City Holding Company will post $3.68 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in City Holding Company by 4.2% in the first quarter. Macquarie Group Ltd. now owns 513,264 shares of the bank’s stock worth $33,095,000 after buying an additional 20,901 shares during the last quarter. AQR Capital Management LLC boosted its stake in City Holding Company by 15.0% in the first quarter. AQR Capital Management LLC now owns 46,137 shares of the bank’s stock worth $2,975,000 after buying an additional 6,008 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in City Holding Company during the first quarter worth approximately $266,000. State Street Corp boosted its stake in City Holding Company by 14.4% in the first quarter. State Street Corp now owns 489,105 shares of the bank’s stock worth $31,536,000 after buying an additional 61,409 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in City Holding Company by 47.7% in the first quarter. Bank of America Corp DE now owns 53,376 shares of the bank’s stock worth $3,441,000 after buying an additional 17,231 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.
Several equities analysts have recently issued reports on CHCO shares. ValuEngine raised shares of City Holding Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of City Holding Company from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, April 21st. BidaskClub upgraded shares of City Holding Company from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods set a $65.00 price target on shares of City Holding Company and gave the company a “hold” rating in a research note on Monday, April 10th. Finally, DA Davidson started coverage on shares of City Holding Company in a research note on Monday, March 6th. They set a “neutral” rating and a $68.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.33.
About City Holding Company
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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