City (CHCO) Earning Favorable Media Coverage, Report Finds
Headlines about City (NASDAQ:CHCO) have been trending positive recently, Accern Sentiment reports. The research firm identifies positive and negative media 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 closest to one being the most favorable. City earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.2989611321898 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- City (CHCO) to Release Earnings on Thursday (americanbankingnews.com)
- Circuit City to Launch Comeback on Feb. 15 (investorplace.com)
- Automotive Holdings Group buys two Manukau car dealerships (business.scoop.co.nz)
- Sandler O’Neill Reiterates $72.00 Price Target for City (CHCO) (americanbankingnews.com)
- Head to Head Comparison: City (CHCO) & The Competition (americanbankingnews.com)
Shares of City (CHCO) opened at $68.02 on Thursday. City has a twelve month low of $58.80 and a twelve month high of $74.90. The stock has a market capitalization of $1,060.00, a PE ratio of 17.76, a P/E/G ratio of 1.65 and a beta of 0.84. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 15th will be paid a $0.46 dividend. This is a positive change from City’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, January 11th. This represents a $1.84 annualized dividend and a yield of 2.71%. City’s dividend payout ratio is currently 45.95%.
CHCO has been the topic of several analyst reports. BidaskClub upgraded City from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Zacks Investment Research lowered City from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Sandler O’Neill set a $72.00 target price on City and gave the stock a “hold” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $70.75.
In other City news, CFO David L. Bumgarner sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the sale, the chief financial officer now owns 10,965 shares in the company, valued at $800,445. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.88% of the stock is owned by corporate insiders.
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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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