The stock of City Holding Company (NASDAQ:CHCO) hit a new 52-week high and has $64.12 target or 4.00% above today’s $61.65 share price. The 6 months bullish chart indicates low risk for the $908.93M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $64.12 price target is reached, the company will be worth $36.36M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,787 shares traded hands. City Holding Company (NASDAQ:CHCO) has risen 21.46% since April 26, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.
Analysts await City Holding Company (NASDAQ:CHCO) to report earnings on January, 23. They expect $0.89 EPS, up 1.14% or $0.01 from last year’s $0.88 per share. CHCO’s profit will be $13.12M for 17.32 P/E if the $0.89 EPS becomes a reality. After $0.88 actual EPS reported by City Holding Company for the previous quarter, Wall Street now forecasts 1.14% EPS growth.
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. $50 is the highest target while $44 is the lowest. The $47 average target is -23.76% below today’s ($61.65) stock price. City Holding Company has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Sell” rating in Wednesday, August 12 report. The stock of City Holding Company (NASDAQ:CHCO) earned “Equalweight” rating by Stephens on Friday, January 8.
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 1.8 in 2016 Q2. Its up 0.57, from 1.23 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.
State Common Retirement Fund, a New York-based fund reported 15,300 shares. D E Shaw & Co has 0% invested in the company for 8,747 shares. Blackrock Fund Advsrs has 946,352 shares for 0.01% of their US portfolio. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in City Holding Company (NASDAQ:CHCO) for 7,791 shares. Rhumbline Advisers last reported 0% of its portfolio in the stock. Finemark National Bank & Trust & Tru has 0.02% invested in the company for 3,000 shares. Polaris Capital Mngmt Llc reported 4,195 shares or 0.02% of all its holdings. Davenport & Limited Liability Com, a Virginia-based fund reported 4,732 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in City Holding Company (NASDAQ:CHCO). Aqr Mngmt Ltd, a Connecticut-based fund reported 25,262 shares. Moreover, Trexquant Inv Ltd Partnership has 0.03% invested in City Holding Company (NASDAQ:CHCO) for 4,959 shares. Loomis Sayles L P has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Tower Cap Limited Liability Com (Trc) last reported 628 shares in the company. Comml Bank Of Mellon holds 0% of its portfolio in City Holding Company (NASDAQ:CHCO) for 221,360 shares. Blackrock Institutional Trust Com Na accumulated 0% or 454,571 shares.
Insider Transactions: Since November 10, 2016, the stock had 0 insider buys, and 3 selling transactions for $901,116 net activity. Another trade for 5,500 shares valued at $311,300 was sold by DERITO JOHN A. 4,713 shares with value of $289,820 were sold by HAGEBOECK CHARLES R on Friday, November 11. Shares for $299,996 were sold by STILWELL CRAIG G on Monday, November 14.
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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