Deutsche Bank AG Acquires New Position in City Holding Company $CHCO

Deutsche Bank AG acquired a new stake in shares of City Holding Company (NASDAQ:CHCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,292 shares of the bank’s stock, valued at approximately $2,028,000.

A number of other large investors also recently bought and sold shares of CHCO. State Street Corp grew its position in shares of City by 1.0% in the 2nd quarter. State Street Corp now owns 639,166 shares of the bank’s stock worth $78,247,000 after acquiring an additional 6,371 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of City by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank’s stock valued at $70,740,000 after acquiring an additional 6,552 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of City by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank’s stock valued at $56,217,000 after acquiring an additional 8,992 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in City by 0.6% during the fourth quarter. JPMorgan Chase & Co. now owns 213,447 shares of the bank’s stock worth $25,443,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in City by 136.4% during the third quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock worth $15,335,000 after purchasing an additional 71,436 shares during the last quarter. Institutional investors own 72.43% of the company’s stock.

City Trading Up 0.2%

Shares of NASDAQ CHCO opened at $143.46 on Friday. City Holding Company has a 12-month low of $113.21 and a 12-month high of $148.99. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 15.70 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $139.62 and its 200 day simple moving average is $129.11.

City (NASDAQ:CHCO) last issued its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping 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 firm had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. Equities research analysts expect that City Holding Company will post 9.29 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Hovde Group raised their price target on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, City currently has a consensus rating of “Hold” and a consensus price target of $136.50.

Insider Activity

In other City news, Director Sharon H. Rowe sold 400 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total transaction of $57,584.00. Following the completion of the transaction, the director directly owned 10,576 shares of the company’s stock, valued at $1,522,520.96. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles R. Hageboeck sold 4,485 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $144.96, for a total transaction of $650,145.60. Following the completion of the transaction, the chief executive officer owned 43,998 shares of the company’s stock, valued at approximately $6,377,950.08. This trade represents a 9.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 444 shares of company stock worth $59,740. 1.75% of the stock is currently owned by insiders.

City 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.