City (NASDAQ:CHCO) Director Javier Reyes Buys 83 Shares

City Holding Company (NASDAQ:CHCO) Director Javier Reyes purchased 83 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average price of $134.55 per share, for a total transaction of $11,167.65. Following the completion of the purchase, the director directly owned 2,368 shares of the company’s stock, valued at $318,614.40. This represents a 3.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Price Performance

Shares of City stock opened at $144.90 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.85 and a beta of 0.49. City Holding Company has a twelve month low of $113.21 and a twelve month high of $146.66. The company has a 50-day simple moving average of $130.84 and a two-hundred day simple moving average of $125.63.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. City had a net margin of 32.58% and a return on equity of 16.38%. The firm had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. Analysts forecast that City Holding Company will post 9.14 EPS for the current year.

City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given 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 dividend payout ratio is currently 38.07%.

Analyst Upgrades and Downgrades

CHCO has been the subject of several analyst reports. Hovde Group upped their target price on City from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings raised shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $136.50.

Key City News

Here are the key news stories impacting City this week:

• Positive Sentiment: Analyst upgrade supports momentum: City Holding reached a new 52-week high after receiving an analyst upgrade, providing a positive catalyst for CHCO. City Hits New 52-Week High After Analyst Upgrade
• Positive Sentiment: Multiple director purchases: Directors Robert D. Fisher, Diane W. Strong-Treister, James A. Hoyer and Javier A. Reyes collectively bought 444 shares at $134.55 each, investing approximately $59,740. The purchases increased their individual holdings and may reinforce investor confidence in the bank’s prospects. Robert Fisher SEC filing
• Positive Sentiment: Income-investment appeal: A recent analysis highlighted City Holding as a potential dividend-stock choice, which could attract investors seeking reliable shareholder returns. City Holding Could Be a Great Choice
• Neutral Sentiment: Higher target but cautious rating: Hovde Group raised its price target from $135 to $143 while maintaining a “market perform” rating. The increase reflects improved valuation expectations, but the neutral rating limits the bullishness of the call.

Hedge Funds Weigh In On City

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ledgewood Wealth Advisors LLC bought a new stake in shares of City during the 2nd quarter worth $202,000. GAMMA Investing LLC raised its stake in City by 38.5% during the second quarter. GAMMA Investing LLC now owns 1,197 shares of the bank’s stock worth $159,000 after acquiring an additional 333 shares in the last quarter. Amundi lifted its holdings in shares of City by 37.7% in the first quarter. Amundi now owns 2,794 shares of the bank’s stock worth $334,000 after acquiring an additional 765 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of City by 41.3% in the 1st quarter. Quantinno Capital Management LP now owns 8,429 shares of the bank’s stock valued at $1,008,000 after purchasing an additional 2,465 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of City by 55.0% in the 1st quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock valued at $7,373,000 after purchasing an additional 21,898 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

About City

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.