City Holding (NASDAQ:CHCO) declared a quarterly dividend on Wednesday, March 28th, NASDAQ reports. Stockholders of record on Friday, April 13th will be paid a dividend of 0.46 per share by the bank on Monday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, April 12th.
Shares of City stock traded down $1.49 on Friday, reaching $69.48. 44,147 shares of the stock were exchanged, compared to its average volume of 63,405. City has a 1-year low of $58.80 and a 1-year high of $74.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1,109.31, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.74.
City (NASDAQ:CHCO) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The firm had revenue of $47.96 million for the quarter, compared to the consensus estimate of $47.43 million. City had a net margin of 26.25% and a return on equity of 12.40%. equities research analysts anticipate that City will post 4.57 EPS for the current year.
A number of research firms recently commented on CHCO. Zacks Investment Research raised shares of City from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday. BidaskClub raised shares of City from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Sandler O’Neill set a $72.00 price objective on shares of City and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of City in a report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $71.33.
In related news, CEO Charles R. Hageboeck sold 5,114 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $68.29, for a total transaction of $349,235.06. Following the sale, the chief executive officer now owns 70,863 shares of the company’s stock, valued at $4,839,234.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is currently owned by insiders.
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City Company Profile
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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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