DA Davidson Issues Pessimistic Estimate for City Earnings

City Holding (NASDAQ:CHCO) – Investment analysts at DA Davidson lowered their FY2025 EPS estimates for City in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will earn $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.

Several other brokerages also recently issued reports on CHCO. Piper Sandler reissued a “neutral” rating and set a $135.00 price target on shares of City in a report on Friday, November 8th. 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.

City Stock Up 0.9 %

Shares of NASDAQ CHCO opened at $121.39 on Monday. The business has a fifty day moving average of $125.69 and a two-hundred day moving average of $117.54. 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 52-week low of $97.50 and a 52-week high of $137.28. The stock has a market cap of $1.78 billion, a PE ratio of 15.58 and a beta of 0.49.

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

City Announces Dividend

The business 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 currently 40.56%.

Insider Activity at City

In other news, CEO Charles R. Hageboeck sold 6,065 shares of City stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.03, for a total transaction of $788,631.95. Following the completion of the sale, the chief executive officer now owns 44,974 shares in the company, valued at $5,847,969.22. The trade was a 11.88 % decrease in their position. 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 shares were sold at an average price of $133.33, for a total transaction of $237,860.72. Following the completion of the transaction, the director now owns 23,637 shares in the company, valued at $3,151,521.21. This represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,092 shares of company stock valued at $1,196,697 over the last quarter. Corporate insiders own 2.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in City in the third quarter valued at about $59,000. Point72 DIFC Ltd acquired a new stake in shares of City in the 3rd quarter valued at approximately $134,000. Crossmark Global Holdings Inc. bought a new position in City during the 3rd quarter worth approximately $199,000. Intech Investment Management LLC acquired a new position in City during the second quarter valued at approximately $208,000. Finally, Quantbot Technologies LP bought a new stake in City in the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 72.43% 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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.