Stock Worth Watching: What Next for City Holding Company Stock After Achieving Record High?

Stock Worth Watching: What Next for City Holding Company Stock After Achieving Record High?

The stock of City Holding Company (NASDAQ:CHCO) reached all time high today, Nov, 29 and still has $67.20 target or 9.00% above today’s $61.65 share price. This indicates more upside for the $908.93 million company. This technical setup was reported by Barchart.com. If the $67.20 PT is reached, the company will be worth $81.80M 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 23,853 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 earnings per share, up 1.14% or $0.01 from last year’s $0.88 per share. CHCO’s profit will be $13.12 million for 17.32 P/E if the $0.89 EPS becomes a reality. After $0.88 actual earnings per share 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. City Holding Company has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Equalweight” rating given on Friday, January 8 by Stephens. Zacks upgraded City Holding Company (NASDAQ:CHCO) on Wednesday, August 12 to “Sell” rating.

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 Q2 2016. 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.
Ntv Asset Limited Co, a West Virginia-based fund reported 15,585 shares. Us Savings Bank De has 0% invested in the company for 1,149 shares. The Pennsylvania-based Federated Invsts Pa has invested 0% in City Holding Company (NASDAQ:CHCO). Manufacturers Life Insur The accumulated 0.01% or 161,312 shares. Teacher Retirement Of Texas last reported 0% of its portfolio in the stock. D E Shaw Communication Inc last reported 0% of its portfolio in the stock. Rhumbline Advisers reported 24,039 shares or 0% of all its holdings. The Massachusetts-based Polaris Limited Liability Co has invested 0.02% in City Holding Company (NASDAQ:CHCO). Deere And reported 5,635 shares or 0.01% of all its holdings. Dimensional Fund Advsrs Limited Partnership holds 649,377 shares or 0.02% of its portfolio. State Board Of Administration Of Florida Retirement Sys reported 4,501 shares or 0% of all its holdings. California State Teachers Retirement System has invested 0% of its portfolio in City Holding Company (NASDAQ:CHCO). Ls Advsrs Ltd Liability holds 504 shares or 0% of its portfolio. Condor Capital Mngmt has 0.1% invested in the company for 9,000 shares. Great West Life Assurance Can has 0% invested in the company for 1,300 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 3 selling transactions for $901,116 net activity. $311,300 worth of shares were sold by DERITO JOHN A on Thursday, November 10. $289,820 worth of City Holding Company (NASDAQ:CHCO) shares were sold by HAGEBOECK CHARLES R. 5,000 City Holding Company (NASDAQ:CHCO) shares with value of $299,996 were sold by STILWELL CRAIG G.

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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