City (NASDAQ:CHCO) Director Sharon Rowe Sells 400 Shares of Stock

City Holding Company (NASDAQ:CHCO) Director Sharon Rowe sold 400 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $143.96, for a total value of $57,584.00. Following the transaction, the director owned 10,576 shares in the company, valued at approximately $1,522,520.96. This trade represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

City Stock Performance

CHCO traded down $1.93 during trading on Thursday, hitting $142.75. The stock had a trading volume of 52,834 shares, compared to its average volume of 114,761. The company has a 50 day moving average price of $138.97 and a 200-day moving average price of $128.90. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.63 and a beta of 0.48. City Holding Company has a one year low of $113.21 and a one year high of $148.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $81.52 million for the quarter, compared to analyst estimates of $80.64 million. City had a return on equity of 16.34% and a net margin of 32.58%. As a group, research analysts predict that City Holding Company will post 9.29 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented 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 lifted their price objective on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $136.50.

Hedge Funds Weigh In On City

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in shares of City during the 2nd quarter valued at $27,000. Kestra Advisory Services LLC acquired a new position in City in the fourth quarter valued at about $29,000. Quarry LP acquired a new position in City in the third quarter valued at about $32,000. Simplex Trading LLC bought a new stake in City during the fourth quarter worth about $36,000. Finally, Geneos Wealth Management Inc. lifted its position in City by 113.1% during the second quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after purchasing an additional 198 shares during the period. Institutional investors own 72.43% of the company’s stock.

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.