Weekly Investment Analysts’ Ratings Updates for City (CHCO)

City (NASDAQ: CHCO) recently received a number of ratings updates from brokerages and research firms:

  • 11/30/2018 – City was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 11/28/2018 – City was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/26/2018 – City was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 11/22/2018 – City was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 11/15/2018 – City was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/23/2018 – City had its “hold” rating reaffirmed by analysts at Boenning Scattergood.

Shares of NASDAQ:CHCO traded up $1.53 on Thursday, hitting $73.16. The company had a trading volume of 2,482 shares, compared to its average volume of 40,735. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.03. City Holding has a 52-week low of $64.32 and a 52-week high of $83.27. The company has a market capitalization of $1.10 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.78 and a beta of 0.55.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. City had a return on equity of 15.11% and a net margin of 31.58%. The business had revenue of $51.31 million for the quarter, compared to the consensus estimate of $49.58 million. On average, sell-side analysts anticipate that City Holding will post 5.04 earnings per share for the current year.

Large investors have recently modified their holdings of the company. UBS Group AG lifted its position in shares of City by 79.1% in the first quarter. UBS Group AG now owns 1,734 shares of the bank’s stock valued at $119,000 after acquiring an additional 766 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in City during the second quarter worth about $233,000. JNBA Financial Advisors purchased a new position in City during the third quarter worth about $239,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in City during the second quarter worth about $246,000. Finally, SG Americas Securities LLC purchased a new position in City during the second quarter worth about $258,000. Institutional investors and hedge funds own 69.32% of the company’s stock.

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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