City (NASDAQ:CHCO) Director Acquires $12,782.25 in Stock

City Holding Company (NASDAQ:CHCO) Director James Hoyer purchased 95 shares of the stock in a transaction dated Tuesday, July 21st. The shares were acquired at an average price of $134.55 per share, with a total value of $12,782.25. Following the completion of the acquisition, the director owned 702 shares in the company, valued at approximately $94,454.10. This trade represents a 15.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Trading Up 0.6%

CHCO traded up $0.81 during mid-day trading on Tuesday, hitting $144.71. 78,753 shares of the stock were exchanged, compared to its average volume of 117,854. The company has a market cap of $2.04 billion, a PE ratio of 15.84 and a beta of 0.49. City Holding Company has a 1-year low of $113.21 and a 1-year high of $146.66. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $130.40 and its two-hundred day moving average is $125.46.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. City had a net margin of 32.58% and a return on equity of 16.38%. Equities analysts forecast that City Holding Company will post 8.99 earnings per share for the current fiscal year.

City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th. City’s dividend payout ratio (DPR) is 38.07%.

Institutional Investors Weigh In On City

Hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its stake in City by 63.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock valued at $9,543,000 after buying an additional 29,828 shares during the period. Virtu Financial LLC acquired a new stake in shares of City in the 4th quarter worth $1,353,000. Louisiana State Employees Retirement System acquired a new stake in shares of City in the 1st quarter worth $765,000. Geneos Wealth Management Inc. boosted its holdings in shares of City by 93.1% in the first quarter. Geneos Wealth Management Inc. now owns 676 shares of the bank’s stock valued at $81,000 after acquiring an additional 326 shares in the last quarter. Finally, Commonwealth Financial Services LLC acquired a new position in shares of City during the first quarter worth about $373,000. 72.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHCO shares. Hovde Group raised their price target on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $136.50.

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.