BidaskClub upgraded shares of City (NASDAQ:CHCO) from a sell rating to a hold rating in a research note released on Thursday, BidAskClub reports.

Several other research firms have also recently weighed in on CHCO. Boenning Scattergood restated a neutral rating on shares of City in a report on Thursday, June 20th. Hovde Group began coverage on City in a report on Monday, June 3rd. They set a market perform rating and a $76.00 price target for the company. Finally, Zacks Investment Research cut City from a buy rating to a hold rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, City presently has a consensus rating of Hold and a consensus target price of $81.50.

NASDAQ CHCO traded up $0.54 during trading on Thursday, hitting $78.28. 2,621 shares of the stock traded hands, compared to its average volume of 60,241. The company has a market capitalization of $1.23 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.78. The firm has a 50-day simple moving average of $74.79 and a 200-day simple moving average of $76.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. City has a 12-month low of $65.32 and a 12-month high of $83.04.

City (NASDAQ:CHCO) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $58.74 million during the quarter, compared to analysts’ expectations of $57.24 million. City had a return on equity of 14.52% and a net margin of 30.14%. As a group, research analysts predict that City will post 5.36 EPS for the current fiscal year.

In other news, CFO David L. Bumgarner sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $76.65, for a total value of $76,650.00. Following the completion of the sale, the chief financial officer now directly owns 8,936 shares of the company’s stock, valued at approximately $684,944.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig G. Stilwell sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $74.92, for a total value of $202,284.00. Following the completion of the sale, the executive vice president now directly owns 15,696 shares of the company’s stock, valued at $1,175,944.32. The disclosure for this sale can be found here. Company insiders own 3.36% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of City in the 2nd quarter valued at approximately $26,000. Advisory Services Network LLC bought a new stake in shares of City in the 2nd quarter valued at approximately $35,000. Everence Capital Management Inc. bought a new stake in shares of City in the 2nd quarter valued at approximately $222,000. BNP Paribas Arbitrage SA lifted its stake in shares of City by 932.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,674 shares of the bank’s stock valued at $280,000 after purchasing an additional 3,318 shares during the last quarter. Finally, Scotia Capital Inc. lifted its stake in shares of City by 24.1% in the 2nd quarter. Scotia Capital Inc. now owns 3,819 shares of the bank’s stock valued at $291,000 after purchasing an additional 741 shares during the last quarter. 66.83% of the stock is owned by institutional investors and hedge funds.

City Company Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

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