City Holding Co. (chco) to Issue Quarterly Dividend of $0.43
City Holding Co. (NASDAQ:chco) declared a quarterly dividend on Thursday, September 29th. Stockholders of record on Friday, October 14th will be paid a dividend of 0.43 per share on Monday, October 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, October 12th.
City Holding (NASDAQ:CHCO) opened at 49.45 on Friday. The stock’s 50 day moving average price is $49.67 and its 200-day moving average price is $47.96. The stock has a market cap of $742.00 million, a PE ratio of 15.56 and a beta of 1.06. City Holding has a 12 month low of $40.74 and a 12 month high of $51.33.
City Holding (NASDAQ:CHCO) last announced its earnings results on Tuesday, July 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. City Holding had a return on equity of 11.45% and a net margin of 26.25%. During the same period last year, the company posted $0.78 earnings per share. Analysts anticipate that City Holding will post $3.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHCO. Arizona State Retirement System raised its position in City Holding by 1.3% in the second quarter. Arizona State Retirement System now owns 7,770 shares of the company’s stock worth $353,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans raised its position in City Holding by 4.9% in the second quarter. Thrivent Financial for Lutherans now owns 7,260 shares of the company’s stock worth $330,000 after buying an additional 340 shares during the period. BlackRock Advisors LLC raised its position in City Holding by 5.8% in the second quarter. BlackRock Advisors LLC now owns 7,473 shares of the company’s stock worth $340,000 after buying an additional 409 shares during the period. Scotia Capital Inc. raised its position in City Holding by 7.4% in the second quarter. Scotia Capital Inc. now owns 7,808 shares of the company’s stock worth $356,000 after buying an additional 538 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in City Holding by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 51,672 shares of the company’s stock worth $2,350,000 after buying an additional 626 shares during the period. 60.15% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised City Holding from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Tuesday, June 28th.
City Holding 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). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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