Somewhat Favorable Press Coverage Somewhat Unlikely to Impact City Holding (CHCO) Stock Price
News articles about City Holding (NASDAQ:CHCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. City Holding earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.019009216801 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
City Holding (CHCO) opened at 72.50 on Friday. City Holding has a 52 week low of $48.40 and a 52 week high of $74.90. The stock’s 50 day moving average is $65.55 and its 200 day moving average is $65.55. The stock has a market cap of $1.13 billion, a PE ratio of 18.97 and a beta of 0.86.
City Holding (NASDAQ:CHCO) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.11. City Holding had a net margin of 29.07% and a return on equity of 12.62%. The firm had revenue of $46.18 million for the quarter, compared to the consensus estimate of $46.45 million. During the same period in the prior year, the firm posted $0.83 earnings per share. Analysts predict that City Holding will post $3.87 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, October 12th. City Holding’s dividend payout ratio (DPR) is presently 45.95%.
Several brokerages have recently weighed in on CHCO. BidaskClub upgraded shares of City Holding from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of City Holding from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $70.33.
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In other City Holding news, CEO Charles R. Hageboeck sold 2,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $62.78, for a total transaction of $125,560.00. Following the transaction, the chief executive officer now directly owns 72,984 shares of the company’s stock, valued at $4,581,935.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey Dale Legge sold 899 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $67.55, for a total transaction of $60,727.45. Following the transaction, the chief accounting officer now directly owns 7,151 shares in the company, valued at $483,050.05. The disclosure for this sale can be found here. Corporate insiders own 3.88% of the company’s stock.
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). 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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