City Holding (NASDAQ:CHCO) Receives Daily Media Impact Rating of 0.56
Headlines about City Holding (NASDAQ:CHCO) have been trending very positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. City Holding earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave news articles about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
City Holding (NASDAQ:CHCO) traded down 0.83% during midday trading on Thursday, hitting $64.60. The stock had a trading volume of 101,786 shares. The company has a market capitalization of $1.01 billion, a PE ratio of 17.37 and a beta of 0.84. The stock’s 50-day moving average is $65.93 and its 200-day moving average is $65.79. City Holding has a 1-year low of $46.55 and a 1-year high of $74.90.
City Holding (NASDAQ:CHCO) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.11. The firm had revenue of $46.18 million during the quarter, compared to the consensus estimate of $46.45 million. City Holding had a net margin of 29.07% and a return on equity of 12.62%. During the same quarter last year, the firm earned $0.83 EPS. Equities research analysts forecast that City Holding will post $3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.72%. The ex-dividend date was Wednesday, July 12th. City Holding’s payout ratio is currently 45.95%.
CHCO has been the subject of several recent analyst reports. Zacks Investment Research cut City Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub cut City Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Keefe, Bruyette & Woods set a $65.00 price target on City Holding and gave the stock a “hold” rating in a research note on Monday, April 10th. Finally, ValuEngine raised City Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. City Holding presently has a consensus rating of “Hold” and an average price target of $70.33.
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In other news, EVP Craig G. Stilwell sold 7,931 shares of City Holding stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $64.85, for a total transaction of $514,325.35. Following the completion of the sale, the executive vice president now owns 26,865 shares of the company’s stock, valued at $1,742,195.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John A. Derito sold 806 shares of City Holding stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $64.25, for a total transaction of $51,785.50. Following the transaction, the executive vice president now directly owns 25,649 shares in the company, valued at $1,647,948.25. The disclosure for this sale can be found here. In the last three months, insiders sold 26,586 shares of company stock valued at $1,726,691. 3.88% of the stock is owned by insiders.
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). As of December 31, 2016, the City National provided banking, trust and investment management and other financial solutions through its network of 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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