Brokerages Set City Holding Company (NASDAQ:CHCO) Target Price at $134.25

City Holding Company (NASDAQ:CHCO) has received an average rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $136.50.

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. Hovde Group upped their price target on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Monday.

City Stock Performance

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

City (NASDAQ:CHCO) last issued its quarterly earnings data 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. The firm had revenue of $81.52 million for 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%. On average, equities analysts forecast that City will post 9.14 EPS for the current fiscal year.

City Dividend Announcement

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

Key Headlines Impacting City

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.

Insider Buying and Selling

In other City news, CFO David L. Bumgarner sold 1,161 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $124.50, for a total value of $144,544.50. Following the completion of the sale, the chief financial officer directly owned 10,666 shares in the company, valued at approximately $1,327,917. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles R. Hageboeck sold 1,858 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $124.40, for a total value of $231,135.20. Following the completion of the sale, the chief executive officer directly owned 48,483 shares of the company’s stock, valued at approximately $6,031,285.20. This represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have acquired 544 shares of company stock worth $71,900 and have sold 5,535 shares worth $689,777. 1.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On City

Several hedge funds and other institutional investors have recently modified their holdings of CHCO. Tudor Investment Corp ET AL grew its position in City by 63.2% during the 3rd 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. JPMorgan Chase & Co. raised its holdings in shares of City by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 212,093 shares of the bank’s stock worth $26,272,000 after buying an additional 22,536 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of City in the fourth quarter worth $1,353,000. Louisiana State Employees Retirement System purchased a new position in shares of City in the first quarter worth $765,000. Finally, QRG Capital Management Inc. lifted its stake in shares of City by 6.5% during the first quarter. QRG Capital Management Inc. now owns 4,649 shares of the bank’s stock worth $556,000 after buying an additional 282 shares during the period. 72.43% of the stock is owned by hedge funds and other institutional investors.

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.