The stock of City Holding Company (NASDAQ:CHCO) reached all time high today, Nov, 14 and still has $72.92 target or 22.00% above today’s $59.77 share price. This indicates more upside for the $958.48M company. This technical setup was reported by Barchart.com. If the $72.92 PT is reached, the company will be worth $210.87 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 56,045 shares traded hands or 0.99% up from the average. City Holding Company (NASDAQ:CHCO) has risen 28.64% since April 12, 2016 and is uptrending. It has outperformed by 23.66% the S&P500.
City Holding Company (NASDAQ:CHCO) Ratings Coverage
Out of 3 analysts covering City Holding Company (NASDAQ:CHCO), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. City Holding Company has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Friday, January 8 the stock rating was initiated by Stephens with “Equalweight”. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Sell”.
According to Zacks Investment Research, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses.”
Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.19, from 1.04 in 2016Q1. The ratio is positive, as 7 funds sold all City Holding Company shares owned while 36 reduced positions. 8 funds bought stakes while 45 increased positions. They now own 8.46 million shares or 6.31% less from 9.03 million shares in 2016Q1.
Polaris Limited Co, a Massachusetts-based fund reported 4,195 shares. The Florida-based State Board Of Administration Of Florida Retirement has invested 0% in City Holding Company (NASDAQ:CHCO). National Bank Of New York Mellon Corporation has 221,360 shares for 0% of their US portfolio. Citigroup Inc has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Creative Planning accumulated 14,000 shares or 0% of the stock. Blackrock has 5,316 shares for 0% of their US portfolio. Capital Ww Invsts, a California-based fund reported 424,716 shares. The North Carolina-based Savings Bank Of America De has invested 0% in City Holding Company (NASDAQ:CHCO). Moreover, Ativo Mngmt Lc has 0.17% invested in City Holding Company (NASDAQ:CHCO) for 15,667 shares. Arizona State Retirement Sys accumulated 0% or 7,770 shares. Morgan Stanley last reported 6,927 shares in the company. Stevens Cap Management Lp owns 5,654 shares or 0.01% of their US portfolio. last reported 10,926 shares in the company. Bnp Paribas Arbitrage holds 0% of its portfolio in City Holding Company (NASDAQ:CHCO) for 4,663 shares. California State Teachers Retirement Sys, a California-based fund reported 30,596 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 6 sales for $789,858 net activity. 210 City Holding Company (NASDAQ:CHCO) shares with value of $10,076 were sold by LEGGE JEFFREY DALE. 3,401 shares with value of $166,157 were sold by HAGEBOECK CHARLES R on Thursday, May 26. DERITO JOHN A had sold 5,500 shares worth $311,300. Another trade for 1,250 shares valued at $60,938 was sold by BUMGARNER DAVID L.
Another recent and important City Holding Company (NASDAQ:CHCO) news was published by Nasdaq.com which published an article titled: “City Holding Company (CHCO) Ex-Dividend Date Scheduled for October 12, 2016” on October 11, 2016.
CHCO Company Profile
City Holding Company, incorporated on March 12, 1981, is a financial holding company. The Firm conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio. City National offers various services and products, including commercial banking, consumer banking, mortgage banking, and wealth management and trust services. City National provides credit, deposit and investment advisory services and products to rural and small community markets in addition to cities, including Charleston, Huntington, Martinsburg, Winchester, Staunton, Virginia Beach, Ashland and Lexington.
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