Several other research analysts have also commented on CHCO. BidaskClub raised City from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Zacks Investment Research raised City from a “sell” rating to a “hold” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.50.
CHCO opened at $79.47 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 15.40 and a beta of 0.78. City has a 52 week low of $65.32 and a 52 week high of $83.04. The business’s 50 day moving average is $76.60 and its two-hundred day moving average is $76.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.
City (NASDAQ:CHCO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.36 EPS for the quarter, topping the consensus estimate of $1.32 by $0.04. The company had revenue of $57.24 million for the quarter, compared to analyst estimates of $57.85 million. City had a return on equity of 14.13% and a net margin of 29.76%. Equities analysts expect that City will post 5.36 EPS for the current fiscal year.
In other City news, EVP Craig G. Stilwell sold 2,700 shares of City stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $74.92, for a total value of $202,284.00. Following the transaction, the executive vice president now directly owns 15,696 shares in the company, valued at approximately $1,175,944.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.36% of the company’s stock.
Several hedge funds have recently made changes to their positions in the business. Wakefield Asset Management LLLP grew its stake in shares of City by 2.6% in the 3rd quarter. Wakefield Asset Management LLLP now owns 7,521 shares of the bank’s stock valued at $573,000 after purchasing an additional 193 shares during the last quarter. Rhumbline Advisers grew its stake in shares of City by 5.3% in the 3rd quarter. Rhumbline Advisers now owns 53,325 shares of the bank’s stock valued at $4,066,000 after purchasing an additional 2,686 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of City by 124.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,602 shares of the bank’s stock valued at $960,000 after purchasing an additional 6,996 shares during the last quarter. Royal Bank of Canada grew its stake in shares of City by 35.5% in the 2nd quarter. Royal Bank of Canada now owns 68,865 shares of the bank’s stock valued at $5,251,000 after purchasing an additional 18,050 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of City by 3.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,193 shares of the bank’s stock valued at $320,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.
City Company Profile
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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