News coverage about City Holding Company (NASDAQ:CHCO) has been trending positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. City Holding Company earned a media sentiment score of 0.33 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 26 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the near term.
City Holding Company (NASDAQ:CHCO) traded down 0.85% on Friday, hitting $65.21. The stock had a trading volume of 44,444 shares. The stock has a 50 day moving average price of $65.49 and a 200 day moving average price of $65.96. The company has a market cap of $1.02 billion, a P/E ratio of 17.56 and a beta of 0.84. City Holding Company has a 1-year low of $44.27 and a 1-year high of $74.90.
City Holding Company (NASDAQ:CHCO) last posted its quarterly earnings results on Monday, April 24th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. The company had revenue of $48.95 million for the quarter, compared to the consensus estimate of $46.99 million. City Holding Company had a return on equity of 12.60% and a net margin of 28.38%. During the same quarter in the prior year, the business posted $0.78 EPS. On average, equities research analysts expect that City Holding Company will post $3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 14th will be paid a $0.44 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.70%. City Holding Company’s payout ratio is currently 47.31%.
Several research analysts have issued reports on CHCO shares. Zacks Investment Research lowered City Holding Company from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $65.00 price target on City Holding Company and gave the stock a “hold” rating in a report on Monday, April 10th. BidaskClub upgraded City Holding Company from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, ValuEngine upgraded City Holding Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.33.
In related news, CAO Jeffrey Dale Legge sold 1,579 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $65.60, for a total value of $103,582.40. Following the transaction, the chief accounting officer now directly owns 9,246 shares of the company’s stock, valued at approximately $606,537.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John A. Derito sold 806 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $64.25, for a total value of $51,785.50. Following the completion of the transaction, the executive vice president now directly owns 25,649 shares in the company, valued at $1,647,948.25. The disclosure for this sale can be found here. Insiders sold a total of 25,687 shares of company stock worth $1,665,964 in the last 90 days. 3.88% of the stock is currently owned by company insiders.
City Holding Company Company Profile
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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