The stock of City Holding Company (NASDAQ:CHCO) hit a new 52-week high and has $89.40 target or 65.00% above today’s $54.18 share price. The 6 months bullish chart indicates low risk for the $803.46M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $89.40 price target is reached, the company will be worth $522.25M 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 33,777 shares traded hands. City Holding Company (NASDAQ:CHCO) has risen 12.41% since April 7, 2016 and is uptrending. It has outperformed by 7.63% 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. As per Wednesday, August 12, the company rating was upgraded by Zacks. The stock has “Equalweight” rating given 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 1.23 in 2016 Q2. Its up 0.19, from 1.04 in 2016Q1. The ratio improved, 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.
Neuberger Berman Ltd Liability Co owns 5,821 shares or 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Wells Fargo & Mn last reported 0% of its portfolio in the stock. Federated Pa accumulated 1,119 shares or 0% of the stock. Credit Suisse Ag holds 29,379 shares or 0% of its portfolio. Moreover, Public Sector Pension Investment Board has 0.01% invested in City Holding Company (NASDAQ:CHCO) for 10,582 shares. Moreover, Walthausen & Lc has 1.01% invested in City Holding Company (NASDAQ:CHCO) for 213,752 shares. Next Fin holds 400 shares or 0.01% of its portfolio. Blackrock Fund Advisors last reported 946,352 shares in the company. Tiaa Cref Mngmt Llc holds 49,705 shares or 0% of its portfolio. State Street Corp owns 375,140 shares or 0% of their US portfolio. Guggenheim Cap Limited Liability Company has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Millennium Management Limited Com holds 39,705 shares or 0% of its portfolio. Virginia Retirement System Et Al has 5,400 shares for 0% of their US portfolio. Blackrock Institutional Trust Communication Na reported 454,571 shares or 0% of all its holdings.
Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 6 insider sales for $488,634 net activity. 3,401 City Holding Company (NASDAQ:CHCO) shares with value of $166,157 were sold by HAGEBOECK CHARLES R. Another trade for 2,500 shares valued at $122,583 was made by DERITO JOHN A on Friday, May 27. $60,938 worth of shares were sold by BUMGARNER DAVID L on Tuesday, May 24. LEGGE JEFFREY DALE sold 210 shares worth $10,076.
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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