DA Davidson Estimates City’s FY2025 Earnings (NASDAQ:CHCO)

City Holding (NASDAQ:CHCO) – Stock analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of City in a research note issued on Wednesday, November 6th. DA Davidson analyst M. Navas now forecasts that the bank will earn $7.40 per share for the year, up from their prior estimate of $7.25. The consensus estimate for City’s current full-year earnings is $7.81 per share.

City (NASDAQ:CHCO) last announced its earnings results on Thursday, October 24th. The bank reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10. The firm had revenue of $98.40 million for the quarter, compared to analyst estimates of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%.

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $135.00 price target on shares of City in a research note on Friday.

City Price Performance

Shares of NASDAQ CHCO opened at $130.77 on Friday. The business has a fifty day moving average price of $117.91 and a two-hundred day moving average price of $112.07. The stock has a market capitalization of $1.92 billion, a PE ratio of 16.79 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.80. City has a fifty-two week low of $92.76 and a fifty-two week high of $135.83.

City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.79 per share. This is an increase from City’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, October 15th. City’s dividend payout ratio is currently 40.56%.

Insider Activity at City

In other news, Director C Dallas Kayser sold 1,784 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total value of $237,860.72. Following the sale, the director now directly owns 23,637 shares in the company, valued at approximately $3,151,521.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director C Dallas Kayser sold 1,784 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total value of $237,860.72. Following the completion of the transaction, the director now owns 23,637 shares of the company’s stock, valued at $3,151,521.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Rossi sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the sale, the director now directly owns 18,233 shares in the company, valued at approximately $2,096,795. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,384 shares of company stock valued at $422,233 over the last ninety days. 2.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On City

Several large investors have recently bought and sold shares of CHCO. GAMMA Investing LLC grew its holdings in shares of City by 95.8% during the second quarter. GAMMA Investing LLC now owns 231 shares of the bank’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. nVerses Capital LLC bought a new stake in City during the 3rd quarter worth approximately $59,000. Bessemer Group Inc. increased its position in City by 90.7% in the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank’s stock valued at $132,000 after acquiring an additional 604 shares during the period. SG Americas Securities LLC bought a new position in shares of City during the first quarter valued at $180,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of City during the third quarter worth $199,000. 72.43% of the stock is currently owned by institutional investors.

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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.