City Holding Co. (chco) to Issue Quarterly Dividend of $0.43
City Holding Co. (NASDAQ:chco) declared a quarterly dividend on Thursday, September 29th. Shareholders 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 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, October 12th.
City Holding (NASDAQ:CHCO) opened at 49.45 on Friday. The firm’s 50-day moving average is $49.67 and its 200 day moving average is $47.96. The firm has a market capitalization of $742.00 million, a price-to-earnings 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 posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. City Holding had a net margin of 26.25% and a return on equity of 11.45%. During the same period in the prior year, the company posted $0.78 EPS. Equities analysts predict that City Holding will post $3.24 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of City Holding from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, June 28th.
A number of hedge funds have recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in shares of City Holding during the second quarter valued at $225,000. BlackRock Inc. increased its stake in shares of City Holding by 361.9% in the second quarter. BlackRock Inc. now owns 5,316 shares of the company’s stock valued at $242,000 after buying an additional 4,165 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of City Holding during the second quarter valued at $257,000. Thrivent Financial for Lutherans increased its stake in shares of City Holding by 4.9% in the second quarter. Thrivent Financial for Lutherans now owns 7,260 shares of the company’s stock valued at $330,000 after buying an additional 340 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of City Holding by 5.8% in the second quarter. BlackRock Advisors LLC now owns 7,473 shares of the company’s stock valued at $340,000 after buying an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 60.15% of the company’s stock.
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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