City (NASDAQ:CHCO) Director Javier Reyes Buys 105 Shares

City Holding Company (NASDAQ:CHCO) Director Javier Reyes purchased 105 shares of the stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $115.88 per share, with a total value of $12,167.40. Following the completion of the transaction, the director owned 2,182 shares of the company’s stock, valued at approximately $252,850.16. This trade represents a 5.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

City Stock Performance

Shares of City stock opened at $117.16 on Tuesday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $123.01 and a 200 day moving average of $123.18. City Holding Company has a 12 month low of $102.22 and a 12 month high of $133.59.

City (NASDAQ:CHCO) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). The business had revenue of $60.83 million for the quarter, compared to analysts’ expectations of $81.38 million. City had a return on equity of 16.61% and a net margin of 32.56%. As a group, sell-side analysts forecast that City Holding Company will post 7.58 earnings per share for the current year.

Wall Street Analyst Weigh In

CHCO has been the topic of a number of research reports. Piper Sandler increased their target price on shares of City from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. Finally, Wall Street Zen cut City from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, City presently has an average rating of “Hold” and an average target price of $134.50.

Institutional Trading of City

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of City in the 4th quarter valued at about $1,353,000. Mercer Global Advisors Inc. ADV acquired a new position in City in the fourth quarter valued at approximately $202,000. XTX Topco Ltd purchased a new position in City in the fourth quarter valued at approximately $712,000. Zacks Investment Management raised its holdings in City by 3.6% during the fourth quarter. Zacks Investment Management now owns 24,584 shares of the bank’s stock worth $2,930,000 after purchasing an additional 844 shares in the last quarter. Finally, Numerai GP LLC purchased a new stake in shares of City during the 4th quarter worth approximately $754,000. 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.