派珀·桑德勒开始对纽约市（纳斯达克股票代码：CHCO）进行报道

Analysts at Piper Sandler began coverage on shares of City (NASDAQ:CHCO – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a "neutral" rating on the bank's stock.

A number of other equities research analysts have also recently issued reports on CHCO. StockNews.com began coverage on shares of City in a report on Thursday, March 16th. They set a "sell" rating on the stock. Stephens started coverage on shares of City in a report on Monday, April 3rd. They issued an "equal weight" rating and a $89.00 price target on the stock. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $90.33.

City Trading Up 1.1 %

City stock opened at $88.89 on Thursday. City has a 12 month low of $73.40 and a 12 month high of $103.00. The business's 50 day simple moving average is $95.11 and its 200 day simple moving average is $94.74. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.07 and a beta of 0.55.

City (NASDAQ:CHCO – Get Rating) last issued its earnings results on Tuesday, January 24th. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.19. City had a net margin of 38.88% and a return on equity of 17.32%. The business had revenue of $70.92 million for the quarter, compared to analysts' expectations of $67.00 million. As a group, equities research analysts forecast that City will post 7.35 earnings per share for the current fiscal year.

Insider Transactions at City

In related news, CFO David L. Bumgarner sold 400 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $99.19, for a total value of $39,676.00. Following the transaction, the chief financial officer now owns 10,885 shares of the company's stock, valued at $1,079,683.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO David L. Bumgarner sold 400 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $99.19, for a total value of $39,676.00. Following the transaction, the chief financial officer now owns 10,885 shares of the company's stock, valued at $1,079,683.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles R. Hageboeck sold 7,660 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $98.54, for a total value of $754,816.40. Following the completion of the transaction, the chief executive officer now directly owns 52,598 shares in the company, valued at approximately $5,183,006.92. The disclosure for this sale can be found here. Insiders own 2.56% of the company's stock.

Institutional Trading of City

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its position in City by 735.3% during the third quarter. Quadrant Capital Group LLC now owns 284 shares of the bank's stock valued at $25,000 after buying an additional 250 shares during the period. Lazard Asset Management LLC purchased a new stake in City during the first quarter valued at about $27,000. Quantbot Technologies LP boosted its position in City by 141.0% during the second quarter. Quantbot Technologies LP now owns 453 shares of the bank's stock valued at $36,000 after buying an additional 265 shares during the period. Point72 Hong Kong Ltd purchased a new stake in City during the second quarter valued at about $46,000. Finally, Advisor Group Holdings Inc. boosted its position in City by 80.4% during the first quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank's stock valued at $52,000 after buying an additional 292 shares during the period. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

About City

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City Holding Co is a financial holding company, which engages in the provision of financial and community banking services. Its products produced and services rendered by City National include Commercial Banking, Consumer Banking, Mortgage Banking, and Wealth Management and Trust Services. The company was founded on March 12, 1982 and is headquartered in Charleston, WV.

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