City (NASDAQ:CHCO) Director Robert Fisher Acquires 156 Shares

City Holding Company (NASDAQ:CHCO) Director Robert Fisher bought 156 shares of the stock in a transaction on Tuesday, July 21st. The shares were acquired at an average cost of $134.55 per share, with a total value of $20,989.80. Following the purchase, the director owned 47,507 shares of the company’s stock, valued at approximately $6,392,066.85. This represents a 0.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Stock Up 0.7%

CHCO stock opened at $144.90 on Wednesday. The firm has a 50-day moving average price of $130.84 and a 200-day moving average price of $125.63. City Holding Company has a 12 month low of $113.21 and a 12 month 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 stock has a market capitalization of $2.04 billion, a P/E ratio of 15.85 and a beta of 0.49.

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

City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.87 per share. 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 payout ratio is presently 38.07%.

Analyst Upgrades and Downgrades

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

City News Summary

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 institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP raised its stake in shares of City by 136.4% during the third quarter. Two Sigma Investments LP now owns 123,803 shares of the bank’s stock valued at $15,335,000 after acquiring an additional 71,436 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of City by 63.2% in the third quarter. Tudor Investment Corp ET AL now owns 77,039 shares of the bank’s stock worth $9,543,000 after purchasing an additional 29,828 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of City by 55.0% in the first quarter. Renaissance Technologies LLC now owns 61,686 shares of the bank’s stock worth $7,373,000 after purchasing an additional 21,898 shares during the last quarter. Marshall Wace LLP acquired a new stake in City in the second quarter valued at $2,216,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in City during the 4th quarter worth $2,157,000. 72.43% of the stock is currently owned by institutional investors and hedge funds.

City Company 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.