What is DA Davidson’s Forecast for City FY2025 Earnings?

City Holding (NASDAQ:CHCO) – Equities researchers at DA Davidson dropped their FY2025 EPS estimates for City in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $7.30 per share for the year, down from their prior 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 results on Thursday, October 24th. The bank reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.10. The firm had revenue of $98.40 million during the quarter, compared to the consensus estimate of $73.90 million. City had a return on equity of 16.60% and a net margin of 31.18%.

CHCO has been the subject of several other research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $135.00 price objective on shares of City in a research report on Friday, November 8th. Keefe, Bruyette & Woods raised their price target on shares of City from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

City Price Performance

CHCO stock opened at $122.07 on Monday. The firm has a market cap of $1.79 billion, a P/E ratio of 15.67 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. City has a 1 year low of $97.50 and a 1 year high of $137.28. The stock has a 50-day simple moving average of $125.77 and a 200-day simple moving average of $117.91.

Institutional Investors Weigh In On City

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in City during the third quarter valued at $59,000. Point72 DIFC Ltd bought a new stake in shares of City during the 3rd quarter valued at about $134,000. Crossmark Global Holdings Inc. acquired a new stake in City during the third quarter worth about $199,000. Intech Investment Management LLC bought a new position in City in the second quarter worth about $208,000. Finally, Quantbot Technologies LP acquired a new position in City in the third quarter valued at approximately $214,000. 72.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John A. Derito sold 1,243 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.93, for a total value of $170,203.99. Following the completion of the sale, the executive vice president now directly owns 28,757 shares of the company’s stock, valued at $3,937,696.01. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director C Dallas Kayser sold 1,784 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total value of $237,860.72. Following the transaction, the director now directly owns 23,637 shares in the company, valued at approximately $3,151,521.21. This represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,092 shares of company stock worth $1,196,697. Insiders own 2.39% of the company’s stock.

City Announces Dividend

The firm also recently announced 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. This represents a $3.16 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, January 15th. City’s dividend payout ratio (DPR) is currently 40.56%.

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.