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

City Holding (NASDAQ:CHCO) – Equities research analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for City in a report issued on Wednesday, November 6th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $7.40 for the year, up from their previous forecast of $7.25. The consensus estimate for City’s current full-year earnings is $7.78 per share.

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

City Price Performance

Shares of NASDAQ CHCO opened at $130.77 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 16.79 and a beta of 0.46. City has a twelve month low of $92.76 and a twelve month high of $135.83. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $117.91 and a 200 day moving average of $112.02.

City (NASDAQ:CHCO) last released its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The business had revenue of $98.40 million during 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%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in City during the first quarter valued at approximately $1,133,000. BNP Paribas Financial Markets boosted its holdings in City by 48.5% in the 1st quarter. BNP Paribas Financial Markets now owns 7,260 shares of the bank’s stock worth $757,000 after buying an additional 2,370 shares during the period. Texas Permanent School Fund Corp increased its stake in City by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 12,953 shares of the bank’s stock worth $1,350,000 after buying an additional 140 shares in the last quarter. SG Americas Securities LLC bought a new stake in City during the first quarter valued at about $180,000. Finally, Russell Investments Group Ltd. lifted its position in shares of City by 6.6% in the first quarter. Russell Investments Group Ltd. now owns 10,459 shares of the bank’s stock valued at $1,090,000 after acquiring an additional 650 shares in the last quarter. 72.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at City

In other news, EVP Michael T. Quinlan, Jr. sold 600 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $115.62, for a total value of $69,372.00. Following the transaction, the executive vice president now directly owns 2,000 shares in the company, valued at $231,240. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director C Dallas Kayser sold 1,784 shares of City stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total transaction of $237,860.72. Following the transaction, the director now owns 23,637 shares in the company, valued at $3,151,521.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael T. Quinlan, Jr. sold 600 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $115.62, for a total value of $69,372.00. Following the completion of the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at $231,240. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,384 shares of company stock worth $422,233. Insiders own 2.39% of the company’s stock.

City Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Tuesday, October 15th. This is an increase from City’s previous quarterly dividend of $0.72. City’s payout ratio 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.