KBW Reiterates Market Perform Rating on City Holding (CHCO); 'A Beat, but NIM Slightly Lower'

Keefe, Bruyette & Woods analyst Catherine Mealor reiterated a Market Perform rating and $130.00 price target on City Holding (NASDAQ: CHCO).

The analyst commented: "A Beat, but NIM Slightly Lower; A beat on higher fees, lower expenses and lower taxes, partially offset by a penny lower NII. NIM fell 12bps to 3.75%, below our 3.85% estimate, but growth was strong (11% LQA) and helped to offset. A higher-for-longer environment will be a positive. Shares trade at 15.7x 2025E and 3.1x TBVPS, so higher levels of profitability/capital are reflected in the valuation. Maintain MP."

For an analyst ratings summary and ratings history on City Holding click here. For more ratings news on City Holding click here.

Shares of City Holding closed at $120.38 yesterday.

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