City (CHCO) Stock Rating Upgraded by BidaskClub

City (NASDAQ:CHCO) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on CHCO. Zacks Investment Research cut shares of City from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Sandler O’Neill set a $72.00 price objective on shares of City and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of City in a research note on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. City has a consensus rating of “Hold” and an average target price of $70.75.

Shares of City (NASDAQ:CHCO) opened at $65.83 on Monday. City has a 12 month low of $58.80 and a 12 month high of $74.90. The stock has a market cap of $1,078.43, a price-to-earnings ratio of 18.85, a PEG ratio of 1.93 and a beta of 0.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.03.

In related news, CFO David L. Bumgarner sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the sale, the chief financial officer now directly owns 10,965 shares in the company, valued at approximately $800,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.88% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in City during the 2nd quarter valued at $222,000. McKinley Carter Wealth Services Inc. bought a new stake in City during the 4th quarter valued at $225,000. Susquehanna International Group LLP bought a new stake in City during the 2nd quarter valued at $241,000. Crossmark Global Holdings Inc. bought a new stake in City during the 3rd quarter valued at $248,000. Finally, GSA Capital Partners LLP bought a new stake in City during the 2nd quarter valued at $281,000. Institutional investors own 64.81% of the company’s stock.

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City Company Profile

City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

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