CHCO
City Holding CompanyFinancial Services·Banks - Regional
$124.31
$1.8B market cap
Revenue
$199.5M
Free Cash Flow
$70.9M
Rev Growth
+0.0%
FCF Margin
35.5%
P/FCF
24.8x
EV/FCF
9.9x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industria
2-Year Price History
$124.64+27.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 98.4 | 40.4 | 39.3 | 31.7 | 38.0 | 37.3 | -0.7 | 1,577 | 524.8 | 14.3 | 16.5% | 2.1x | -- |
| Act | 2025-Q4 | 101.1 | 40.6 | 40.6 | 31.6 | 34.3 | 33.6 | -0.7 | 1,655 | 517.7 | 14.4 | 16.7% | 1.9x | -- |
Valuation & Metrics
Market Stats
Price$124.31
Market Cap$1.8B
Enterprise Value$702M
P/S Ratio8.8x
P/FCF24.8x
EV/FCF9.9x
FCF Margin (TTM)35.5%
FCF Yield4.0%
Dividend Yield (TTM)2.7%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$199.5M
Net Income$63.3M
Free Cash Flow$70.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin40.6%
Net Margin31.7%
FCF Margin35.5%
CapEx % of Revenue0.7%
SBC % of Revenue2.1%
ROIC16.6%
WC Change % Rev-0.5%
Interest Coverage2.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.9M
Days to Cover8.7
Change (vs Prior)-5.9%
Need at least 2 settlement dates for chart
Employees
Headcount942
Revenue / Employee$211,766
Gross Profit / Employee$168,622
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
31.2%(-3.7% YoY)
216 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
36.8%(-0.4% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.6%(+0.2% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $242M | $112.01 | −$953K | −$12.9M | -0.2% | $5.69T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $114M | $118.70 | +$113M | +$114M | — | $1.91T |
| STATE STREET CORPPassive | $83.1M | $103.54 | +$2.8M | +$7.5M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $73.5M | $118.70 | +$73.0M | +$73.5M | — | $4.04T |
| WESTWOOD HOLDINGS GROUP INC | $68.7M | $82.49 | −$2.1M | −$6.8M | -0.3% | $13.73B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $59.3M | $96.68 | −$11.6M | −$10.1M | +0.7% | $645.81B |
| DIMENSIONAL FUND ADVISORS LPPassive | $56.2M | $93.75 | +$1.1M | −$4.7M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $42.6M | $96.71 | +$1.3M | −$1.6M | +2.3% | $1.61T |
| CITY HOLDING CO | $30.0M | $118.25 | −$219K | −$576K | -0.1% | $800M |
| TWO SIGMA INVESTMENTS, LP | $29.9M | $117.31 | +$14.0M | +$27.6M | -0.9% | $117.03B |
| JPMORGAN CHASE & CO | $27.4M | $108.96 | +$1.8M | +$4.3M | -0.2% | $1.47T |
| MORGAN STANLEY | $24.0M | $93.77 | −$537K | +$427K | -0.3% | $1.65T |
| NORTHERN TRUST CORPPassive | $18.3M | $100.90 | +$434K | −$3.0M | -0.2% | $755.34B |
| BARR E S & CO | $15.4M | $82.81 | +$0 | −$122K | -1.4% | $1.69B |
| Qube Research & Technologies Ltd | $15.2M | $107.32 | +$3.6M | +$6.7M | +0.3% | $70.36B |
| Bank of New York Mellon Corp | $13.7M | $79.88 | −$405K | −$3.1M | -0.2% | $543.21B |
| AMERICAN CENTURY COMPANIES INC | $11.8M | $96.28 | +$1.6M | +$555K | +0.7% | $193.48B |
| VANGUARD FIDUCIARY TRUST COPassive | $11.6M | $118.70 | +$11.5M | +$11.6M | — | $395.83B |
| GOLDMAN SACHS GROUP INC | $11.2M | $95.97 | +$3.1M | +$935K | -0.2% | $760.93B |
| TUDOR INVESTMENT CORP ET AL | $10.2M | $117.03 | +$1.6M | +$6.2M | -0.3% | $17.85B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.13%
avg per quarter
Holders (ex-self)
-0.13%
excl. this stock
Buyers (this Q)
-0.22%
109 buyers · $0.28B in
Sellers (this Q)
-0.01%
78 sellers · $0.05B out
alpha coverage: 83% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-4.1%
how holders react when this stock falls
On quiet Qs
-4.3%
−10% to +10% baseline
On rallies (+10%+)
+11.1%
how they react when this stock rises
Holders' portfolio flow this Q
+5.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+7.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.exited−$36.3MAXXCESS WEALTH MANAGEMENT, LLCexited−$12.9MCHARLES SCHWAB INVESTMENT MANAGEMENT INC−$11.6Mα+0.7WESTWOOD HOLDINGS GROUP INC−$2.1Mα-0.3Virtu Financial LLCexited−$1.4MUniversal- Beteiligungs- und Servicegesellschaft mbHexited−$1.2MBlackRock, Inc.−$953Kα-0.2Y-Intercept (Hong Kong) Ltdexited−$710KDARK FOREST CAPITAL MANAGEMENT LPexited−$645KMORGAN STANLEY−$537Kα-0.3
New buyers this quarter
Top-5 holders · 48.4%
BlackRock, Inc.--
VANGUARD PORTFOLIO MANAGEMENT LLC--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
WESTWOOD HOLDINGS GROUP INC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
WESTWOOD HOLDINGS GROUP INC575KCHARLES SCHWAB INVESTMENT MANAGEMENT INC496KMACQUARIE GROUP LTD—NOMURA ASSET MANAGEMENT INTERNATIONAL INC.—JPMORGAN CHASE & CO229KCITY HOLDING CO251KTWO SIGMA INVESTMENTS, LP250KGOLDMAN SACHS GROUP INC94KMORGAN STANLEY201KBARR E S & CO129K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (2 analysts)$127.50260.0%
Current Price$124.31
Analyst Ratings
8
Hold: 8Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$236K
15 txns · 5 insiders · 1,958 sh
Sells ($, 12mo)
$2.02M
10 txns · 5 insiders · 16,039 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-20 | SELL | BUMGARNER DAVID L | officer: EVP & Chief Financial Officer | 805 | $124.50 | $100K | $1.47M |
| 2026-05-12 | BUY | Parsons James M. | director | 100 | $121.60 | $12K | $340K |
| 2026-05-06 | SELL | BUMGARNER DAVID L | officer: EVP & Chief Financial Officer | 402 | $125.00 | $50K | $1.58M |
| 2026-04-28 | SELL | HAGEBOECK CHARLES R | director, officer: President & CEO | 5,855 | $125.30 | $734K | $6.31M |
| 2026-04-28 | SELL | Quinlan Michael T Jr | officer: EVP, Retail Banking | 1,210 | $126.09 | $153K | $418K |
| 2026-04-27 | SELL | HAGEBOECK CHARLES R | director, officer: President & CEO | 375 | $125.00 | $47K | $7.02M |
| 2026-04-20 | BUY | FISHER ROBERT D | director | 133 | $126.36 | $17K | $5.95M |
| 2026-04-20 | BUY | Hoyer James A | director | 103 | $126.36 | $13K | $77K |
| 2026-04-20 | BUY | Reyes Javier A | director | 103 | $126.36 | $13K | $289K |
| 2026-04-20 | BUY | STRONG-TREISTER DIANE W | director | 119 | $126.36 | $15K | $504K |
| 2026-03-09 | BUY | STRONG-TREISTER DIANE W | director | 255 | $115.88 | $30K | $449K |
| 2026-03-09 | BUY | Reyes Javier A | director | 105 | $115.88 | $12K | $253K |
| 2026-03-09 | BUY | Hoyer James A | director | 106 | $115.88 | $12K | $58K |
| 2026-03-09 | BUY | FISHER ROBERT D | director | 213 | $115.88 | $25K | $5.44M |
| 2026-02-20 | SELL | HAGEBOECK CHARLES R | director, officer: President & CEO | 1,275 | $125.33 | $160K | $6.15M |
| 2025-11-24 | SELL | HAGEBOECK CHARLES R | director, officer: President & CEO | 2,017 | $120.68 | $243K | $6.08M |
| 2025-11-21 | SELL | Rowe Sharon H | director | 600 | $122.00 | $73K | $1.31M |
| 2025-10-16 | BUY | FISHER ROBERT D | director | 183 | $117.23 | $21K | $5.39M |
| 2025-10-16 | BUY | Reyes Javier A | director | 105 | $117.23 | $12K | $212K |
| 2025-10-16 | BUY | STRONG-TREISTER DIANE W | director | 128 | $117.23 | $15K | $408K |
Order Flow (FINRA, ~3w lag)
6.8%retail-4.9pp
19.6%dark-0.9pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
City Holding Company: Institutional stability evidenced by standard metadata despite a lack of substantive quantitative disclosures in the provided text.
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10