City Holding (NASDAQ:CHCO) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $68.50.
A number of analysts have commented on the company. Zacks Investment Research downgraded City from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. BidaskClub upgraded City from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Boenning Scattergood reiterated a “hold” rating on shares of City in a research report on Wednesday, January 24th. Finally, Sandler O’Neill set a $72.00 target price on City and gave the stock a “hold” rating in a research report on Thursday, January 4th.
In other City news, CEO Charles R. Hageboeck sold 5,114 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $68.29, for a total transaction of $349,235.06. Following the sale, the chief executive officer now directly owns 70,863 shares in the company, valued at $4,839,234.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of CHCO. BlackRock Inc. lifted its position in shares of City by 2.9% in the fourth quarter. BlackRock Inc. now owns 2,001,922 shares of the bank’s stock valued at $135,070,000 after acquiring an additional 56,072 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of City in the fourth quarter valued at $3,237,000. Walthausen & Co. LLC lifted its position in shares of City by 14.1% in the third quarter. Walthausen & Co. LLC now owns 177,187 shares of the bank’s stock valued at $12,742,000 after acquiring an additional 21,850 shares in the last quarter. Deutsche Bank AG lifted its position in shares of City by 94.4% in the fourth quarter. Deutsche Bank AG now owns 42,188 shares of the bank’s stock valued at $2,845,000 after acquiring an additional 20,487 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of City by 225.3% in the fourth quarter. Arizona State Retirement System now owns 26,249 shares of the bank’s stock valued at $1,771,000 after acquiring an additional 18,179 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.
Shares of CHCO stock opened at $72.05 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. City has a 12 month low of $58.80 and a 12 month high of $74.90. The firm has a market capitalization of $1,121.14, a P/E ratio of 20.64, a P/E/G ratio of 1.98 and a beta of 0.77.
City (NASDAQ:CHCO) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.11. The firm had revenue of $47.96 million for the quarter, compared to the consensus estimate of $47.43 million. City had a return on equity of 12.40% and a net margin of 26.25%. research analysts anticipate that City will post 4.57 EPS for the current year.
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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