DA Davidson Issues Pessimistic Estimate for City Earnings

City Holding (NASDAQ:CHCO) – Research analysts at DA Davidson decreased their FY2025 earnings estimates for shares of City in a research report issued on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $7.30 per share for the year, down from their previous forecast of $7.40. The consensus estimate for City’s current full-year earnings is $7.84 per share.

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

A number of other equities research analysts have also issued reports on CHCO. Keefe, Bruyette & Woods lifted their target price on shares of City from $120.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reissued a “neutral” rating and set a $135.00 price objective on shares of City in a research report on Friday, November 8th.

City Stock Performance

CHCO stock opened at $121.39 on Monday. The stock has a market cap of $1.78 billion, a P/E ratio of 15.58 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day simple moving average of $125.69 and a 200 day simple moving average of $117.54. City has a 52 week low of $97.50 and a 52 week high of $137.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in City by 4.5% during the third quarter. Franklin Resources Inc. now owns 9,362 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 404 shares during the period. Geode Capital Management LLC increased its position in City by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 355,940 shares of the bank’s stock worth $41,792,000 after buying an additional 1,065 shares during the period. Barclays PLC lifted its holdings in shares of City by 125.3% during the third quarter. Barclays PLC now owns 28,845 shares of the bank’s stock worth $3,385,000 after buying an additional 16,044 shares during the last quarter. Zacks Investment Management boosted its position in shares of City by 6.8% in the third quarter. Zacks Investment Management now owns 21,610 shares of the bank’s stock valued at $2,537,000 after acquiring an additional 1,373 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of City by 66.6% in the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock worth $2,937,000 after acquiring an additional 9,999 shares during the last quarter. 72.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John A. Derito sold 1,243 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.93, for a total transaction of $170,203.99. Following the transaction, the executive vice president now owns 28,757 shares of the company’s stock, valued at approximately $3,937,696.01. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles R. Hageboeck sold 6,065 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.03, for a total value of $788,631.95. Following the completion of the sale, the chief executive officer now owns 44,974 shares of the company’s stock, valued at approximately $5,847,969.22. This trade represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,092 shares of company stock worth $1,196,697. 2.45% of the stock is owned by corporate insiders.

City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Wednesday, January 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.60%. City’s dividend payout ratio (DPR) is 40.56%.

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