City Holding (CHCO) Received Average Recommendation of “Hold” from Brokerages

City Holding (CHCO) Received Average Recommendation of “Hold” from Brokerages

City Holding (NASDAQ:CHCO) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $78.33.

CHCO has been the topic of several analyst reports. BidaskClub cut City from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised City from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Thursday, August 9th. Boenning Scattergood reaffirmed a “hold” rating on shares of City in a research report on Tuesday, October 23rd. Finally, ValuEngine cut City from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th.

CHCO stock traded down $4.85 during midday trading on Wednesday, hitting $71.63. The company’s stock had a trading volume of 86,399 shares, compared to its average volume of 37,604. The stock has a market capitalization of $1.18 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.90 and a beta of 0.55. City has a 12 month low of $64.32 and a 12 month high of $83.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lbmc Investment Advisors LLC raised its stake in City by 20.6% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 3,619 shares of the bank’s stock valued at $272,000 after buying an additional 619 shares during the last quarter. UBS Group AG raised its stake in City by 79.1% during the 1st quarter. UBS Group AG now owns 1,734 shares of the bank’s stock valued at $119,000 after buying an additional 766 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in City by 15.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,151 shares of the bank’s stock valued at $463,000 after buying an additional 800 shares during the last quarter. Victory Capital Management Inc. raised its stake in City by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,956 shares of the bank’s stock valued at $448,000 after buying an additional 816 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in City by 2.0% during the 3rd quarter. Wells Fargo & Company MN now owns 46,461 shares of the bank’s stock valued at $3,569,000 after buying an additional 917 shares during the last quarter. Institutional investors and hedge funds own 69.32% of the company’s stock.

About City

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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