City Holding Company (CHCO) to Issue Quarterly Dividend of $0.44 on October 31st
City Holding Company (NASDAQ:CHCO) announced a quarterly dividend on Monday, October 2nd, NASDAQ reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.44 per share by the bank on Tuesday, October 31st. This represents a $1.76 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, October 12th.
City Holding (NASDAQ:CHCO) opened at 73.98 on Wednesday. The company has a market cap of $1.16 billion, a PE ratio of 19.36 and a beta of 0.86. The stock’s 50 day moving average price is $66.65 and its 200-day moving average price is $65.83. City Holding has a 1-year low of $48.40 and a 1-year high of $74.90.
City Holding (NASDAQ:CHCO) last released its quarterly earnings results on Monday, July 24th. The bank reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The firm had revenue of $46.18 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.83 EPS. On average, analysts forecast that City Holding will post $3.87 earnings per share for the current year.
In other City Holding news, CEO Charles R. Hageboeck sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $62.78, for a total value of $125,560.00. Following the sale, the chief executive officer now owns 72,984 shares of the company’s stock, valued at $4,581,935.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey Dale Legge sold 899 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $67.55, for a total value of $60,727.45. Following the completion of the sale, the chief accounting officer now directly owns 7,151 shares in the company, valued at approximately $483,050.05. The disclosure for this sale can be found here. 3.88% of the stock is owned by insiders.
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Several research firms have recently commented on CHCO. BidaskClub raised shares of City Holding from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered shares of City Holding from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. City Holding has an average rating of “Hold” and an average price target of $70.33.
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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