Equities analysts expect that City Holding (NASDAQ:CHCO) will post earnings per share (EPS) of $1.20 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for City’s earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.23. City posted earnings per share of $1.08 in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The company is scheduled to issue its next earnings results on Tuesday, January 22nd.
On average, analysts expect that City will report full year earnings of $5.04 per share for the current year, with EPS estimates ranging from $4.97 to $5.10. For the next year, analysts expect that the firm will report earnings of $4.65 per share, with EPS estimates ranging from $3.97 to $5.04. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow City.
City (NASDAQ:CHCO) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. The company had revenue of $51.31 million for the quarter, compared to analyst estimates of $49.58 million. City had a return on equity of 15.11% and a net margin of 31.58%.
Several brokerages recently commented on CHCO. Zacks Investment Research upgraded shares of City from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Friday, November 30th. BidaskClub downgraded shares of City from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Boenning Scattergood restated a “hold” rating on shares of City in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of City from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $78.33.
Shares of CHCO stock opened at $71.63 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.78 and a beta of 0.55. City has a 1 year low of $64.32 and a 1 year high of $83.27.
Several large investors have recently modified their holdings of the stock. UBS Group AG lifted its position in shares of City by 79.1% in the 1st quarter. UBS Group AG now owns 1,734 shares of the bank’s stock valued at $119,000 after acquiring an additional 766 shares in the last quarter. Victory Capital Management Inc. increased its stake in City by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 5,956 shares of the bank’s stock valued at $448,000 after buying an additional 816 shares during the period. Wells Fargo & Company MN increased its stake in City by 2.0% in the 3rd quarter. Wells Fargo & Company MN now owns 46,461 shares of the bank’s stock valued at $3,569,000 after buying an additional 917 shares during the period. Teachers Advisors LLC increased its stake in City by 3.3% in the 3rd quarter. Teachers Advisors LLC now owns 29,509 shares of the bank’s stock valued at $2,266,000 after buying an additional 930 shares during the period. Finally, Legal & General Group Plc increased its stake in City by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 32,626 shares of the bank’s stock valued at $2,461,000 after buying an additional 1,316 shares during the period. Institutional investors and hedge funds own 69.32% of the company’s stock.
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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