City Holding Co. (CHCO), is a multibank holding company that was founded in 1982 and is headquartered in Charleston, West Virginia. It provides diversified financial products and services to consumers and local businesses in West Virginia, Kentucky, Ohio, and Virginia through its wholly-owned subsidiary, City National Bank of West Virginia.
City Holding Co.’s products and services include a variety of checking, savings, and money market accounts, as well as individual retirement accounts and certificates of deposit. However, it is not limited to personal banking. Its commercial financial products are diverse as well, ranging from business checking and savings accounts to cash management and merchant services.
A unique aspect of City Holding Co. is its wide range of lending services. It provides loans for everything from homes and cars to commercial real estates and businesses. In mortgages alone, CHCO offers conventional fixed-rate mortgages, adjustable rate mortgages, as well as government loans and programs that first-time home buyers can take advantage of.
At the end of 2020, City Holding reported a net income of $86.7m and total assets exceeding $5.8 billion, representing consistent growth and stable financial performance, further sustaining the company's prominent position in regional banking.
Beyond its strong financial performance however, City Holding has forged a reputation for community engagement and involvement. As part of their corporate social responsibility, City Holding takes pride in promoting financial literacy in the communities they serve and sponsor a variety of charities and community initiatives.
Corporate governance at City Holding Co. is marked with an emphasis on integrity, accountability and ethical business conduct. The company's Board of Directors oversees the strategic planning and operations to ensure long-term value and mitigate risks for its stockholders.
In summary, City Holding Co. stands as not just one of the prominent multi-bank holding companies in the Mid-Atlantic region, but also a company that prioritizes transparency, community involvement, and robust product offerings. With an eye on both customer satisfaction and shareholder value, City Holding has built a reputation for resilience and growth over the years, maintaining strong ties to the communities they serve while being committed to delivering financial solutions that meet the needs of their diverse customer base.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Squarepoint Ops LLC significantly reduced its stake in City Holding Company (NASDAQ:CHCO) by 73.6% in the second quarter, selling 8,097 shares and retaining 2,909 shares valued at $386,000. Despite this, other institutional investors have adjusted their positions, with 72.43% of the stock owned by hedge funds and institutions. City Holding reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, but the stock has a consensus "Hold" rating, and insiders have recently sold shares.
City Holding's stock has seen a significant 22.7% return over the past six months, outperforming the S&P 500, but analysts are not enthusiastic about its future prospects. The company's net interest income growth is slowing, and its recent EPS growth, while positive, is considered unimpressive. Despite the strong stock performance, the article suggests that CHCO is currently overvalued, with much good news already priced in, and recommends looking for better investment opportunities elsewhere.
WINTON GROUP Ltd significantly increased its stake in City Holding Company (NASDAQ:CHCO) by 213% in Q2, acquiring an additional 16,020 shares, bringing its total to 23,540 shares valued at $3.1 million. This move is part of broader institutional interest, with collective ownership at 72.43%. Analysts maintain a "Moderate Buy" rating for CHCO, with an average price target of $136.50, following strong Q2 earnings that surpassed expectations.
The Public Employees Retirement System of Ohio has acquired a new stake of 21,715 shares in City Holding Company, valued at approximately $2.88 million, representing 0.15% of the company. Institutional investors now own 72.43% of City Holding. Despite recent insider share sales by the CEO and a director, analysts maintain a "Hold" rating with an average price target of $136.50, following a strong earnings report where the company exceeded revenue and EPS estimates.
Legal & General Group Plc has acquired a new position of 34,566 shares, valued at $4.58 million, in City Holding Company (NASDAQ:CHCO) during the second quarter. Institutional investors now own 72.43% of the stock, while company insiders hold 1.75%, despite recent insider selling by the CEO and a director. City Holding Company exceeded earnings expectations, reporting $2.35 EPS against a $2.23 consensus and revenues of $81.52 million.
Bank of New York Mellon Corp acquired 113,180 shares of City Holding Company, valued at approximately $15 million, representing 0.80% of the company's stock. This transaction highlights institutional investor interest, with hedge funds and other institutional investors collectively owning 72.43% of City's stock. Despite recent insider sales and the stock trading slightly down, City Holding Company exceeded its quarterly earnings expectations, and analysts maintain a "Hold" rating with an average price target of $136.50.
Susquehanna Fundamental Investments LLC has acquired 7,428 shares of City Holding Company (NASDAQ:CHCO) worth approximately $985,000, as institutional investors now own 72.43% of the company. Despite cautious analyst sentiment with an average "Hold" rating, City reported strong quarterly EPS of $2.35, exceeding estimates. The stock opened at $142.24, experiencing a slight decline of 0.5%.
Man Group plc recently acquired 26,827 shares of City Holding Company, valued at $3.56 million, making it a new stakeholder with approximately 0.19% ownership. City Holding Company exceeded quarterly earnings expectations, reporting an EPS of $2.35 and revenue of $81.52 million. Despite a recent price target increase, analysts maintain a consensus "Hold" rating for the stock.
Deutsche Bank AG has made a new $2.03 million investment in City Holding Company, acquiring 15,292 shares in the second quarter. Institutional investors now collectively own 72.43% of CHCO. Despite analysts maintaining a "Hold" rating with an average price target below the current stock price, City Holding Company exceeded quarterly earnings expectations.