City Holding Company (NASDAQ:CHCO) Stock Rating Lowered by BidaskClub

City Holding Company (NASDAQ:CHCO) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday, October 20th.

Separately, Zacks Investment Research raised City Holding from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. City Holding has an average rating of “Hold” and a consensus target price of $70.33.

Shares of City Holding (NASDAQ:CHCO) opened at 72.32 on Friday. City Holding has a 12 month low of $51.04 and a 12 month high of $74.90. The firm has a market capitalization of $1.13 billion, a PE ratio of 18.92 and a beta of 0.86. The firm’s 50 day moving average is $69.96 and its 200-day moving average is $66.61.

City Holding (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $47.18 million. City Holding had a return on equity of 12.34% and a net margin of 29.25%. City Holding’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. On average, analysts expect that City Holding will post $3.84 EPS for the current fiscal year.

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In other City Holding news, CEO Charles R. Hageboeck sold 2,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $62.78, for a total value of $125,560.00. Following the transaction, the chief executive officer now owns 72,984 shares of the company’s stock, valued at $4,581,935.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.88% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of City Holding during the first quarter worth $108,000. Victory Capital Management Inc. bought a new stake in shares of City Holding during the first quarter worth $167,000. State of Alaska Department of Revenue increased its holdings in City Holding by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 3,081 shares of the bank’s stock valued at $202,000 after purchasing an additional 1,361 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in City Holding in the second quarter valued at about $222,000. Finally, Crossmark Global Holdings Inc. bought a new stake in City Holding in the third quarter valued at about $248,000. Institutional investors own 62.53% of the company’s stock.

City Holding Company Profile

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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