City Holding Co. (CHCO) Scheduled to Post Earnings on Thursday
City Holding Co. (NASDAQ:CHCO) is scheduled to post its quarterly earnings results on Thursday, October 20th. Analysts expect City Holding to post earnings of $0.79 per share for the quarter.
City Holding (NASDAQ:CHCO) last posted its earnings results on Tuesday, July 26th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 firm posted $0.78 earnings per share. On average, analysts expect City Holding to post $3.34 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Shares of City Holding Co. (NASDAQ:CHCO) opened at 48.62 on Wednesday. The company has a market cap of $729.54 million, a P/E ratio of 15.29 and a beta of 1.01. City Holding Co. has a 12 month low of $40.74 and a 12 month high of $51.33. The stock’s 50 day moving average is $49.81 and its 200-day moving average is $48.25.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.72 dividend on an annualized basis and a yield of 3.54%. City Holding’s payout ratio is 54.09%.
Separately, Zacks Investment Research raised shares of City Holding from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in City Holding by 187.3% in the second quarter. Guggenheim Capital LLC now owns 14,749 shares of the company’s stock worth $671,000 after buying an additional 9,616 shares in the last quarter. Parametric Portfolio Associates LLC boosted 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 in the last quarter. Thrivent Financial for Lutherans boosted 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 in the last quarter. Ativo Capital Management LLC boosted its position in City Holding by 67.2% in the second quarter. Ativo Capital Management LLC now owns 15,667 shares of the company’s stock worth $712,000 after buying an additional 6,299 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in City Holding during the second quarter worth about $257,000. 60.11% of the stock is owned by institutional investors and hedge funds.
About City Holding
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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