Insider Buying: City (NASDAQ:CHCO) Director Purchases $14,800.50 in Stock

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister purchased 110 shares of City stock in a transaction on Tuesday, July 21st. The shares were acquired at an average price of $134.55 per share, for a total transaction of $14,800.50. Following the completion of the transaction, the director directly owned 4,097 shares of the company’s stock, valued at approximately $551,251.35. The trade was a 2.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

City Trading Down 0.5%

CHCO stock opened at $144.50 on Friday. The company has a market capitalization of $2.04 billion, a PE ratio of 15.81 and a beta of 0.49. City Holding Company has a one year low of $113.21 and a one year high of $146.66. The company’s 50 day moving average price is $131.67 and its two-hundred day moving average price is $125.94. 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 announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. City had a net margin of 32.58% and a return on equity of 16.38%. The firm had revenue of $81.52 million during the quarter, compared to analyst estimates of $80.64 million. As a group, analysts predict that City Holding Company will post 9.29 earnings per share for the current fiscal year.

City Dividend Announcement

The firm 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 yield of 2.4%. The ex-dividend date is Wednesday, July 15th. City’s dividend payout ratio (DPR) is presently 38.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CHCO shares. Hovde Group upped their price target on shares of City from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings upgraded City from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $136.50.

Institutional Trading of City

Institutional investors have recently made changes to their positions in the stock. First Horizon Corp grew its holdings in shares of City by 146.0% in the fourth quarter. First Horizon Corp now owns 246 shares of the bank’s stock worth $29,000 after purchasing an additional 146 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in City during the 4th quarter valued at $29,000. Quarry LP bought a new stake in City during the 3rd quarter valued at $32,000. Simplex Trading LLC purchased a new stake in City during the 4th quarter valued at $36,000. Finally, Geneos Wealth Management Inc. boosted its position in City by 113.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock valued at $46,000 after buying an additional 198 shares during the period. Hedge funds and other 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.