City Holding (NASDAQ:CHCO) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $80.00.
A number of equities research analysts recently commented on CHCO shares. Zacks Investment Research upgraded City from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Friday, December 21st. BidaskClub lowered City from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of City in a research report on Thursday, January 24th.
Shares of CHCO stock traded down $0.50 during trading hours on Friday, reaching $77.01. 143,300 shares of the company’s stock were exchanged, compared to its average volume of 51,516. City has a 1 year low of $65.32 and a 1 year high of $83.27. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.88.
City (NASDAQ:CHCO) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.11. The business had revenue of $51.14 million for the quarter, compared to analyst estimates of $52.88 million. City had a return on equity of 15.26% and a net margin of 31.15%. As a group, equities analysts forecast that City will post 5.33 earnings per share for the current year.
In other City news, CEO Charles R. Hageboeck sold 1,593 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $79.50, for a total value of $126,643.50. Following the completion of the transaction, the chief executive officer now directly owns 57,121 shares of the company’s stock, valued at $4,541,119.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles R. Hageboeck sold 4,154 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $79.77, for a total value of $331,364.58. Following the completion of the transaction, the chief executive officer now directly owns 60,405 shares of the company’s stock, valued at $4,818,506.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,565 shares of company stock worth $522,916. 3.83% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in CHCO. Quantamental Technologies LLC acquired a new position in City in the fourth quarter valued at approximately $57,000. LS Investment Advisors LLC lifted its holdings in City by 183.5% in the fourth quarter. LS Investment Advisors LLC now owns 1,273 shares of the bank’s stock valued at $86,000 after acquiring an additional 824 shares during the period. SG Americas Securities LLC acquired a new position in City in the fourth quarter valued at approximately $185,000. Crossmark Global Holdings Inc. raised its stake in shares of City by 10.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,073 shares of the bank’s stock worth $208,000 after buying an additional 290 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in shares of City during the 4th quarter worth approximately $211,000. 71.54% of the stock is owned by institutional investors.
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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