Brokerages Anticipate City Holding (CHCO) to Post $1.22 Earnings Per Share
Equities analysts predict that City Holding (NASDAQ:CHCO) will post earnings per share of $1.22 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for City’s earnings. City reported earnings of $1.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is scheduled to issue its next earnings results on Thursday, April 18th.
On average, analysts expect that City will report full year earnings of $5.33 per share for the current financial year, with EPS estimates ranging from $5.24 to $5.40. For the next fiscal year, analysts forecast that the company will post earnings of $5.53 per share, with EPS estimates ranging from $5.50 to $5.56. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow City.
City (NASDAQ:CHCO) last issued its earnings results on Thursday, January 24th. The bank reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.11. City had a net margin of 31.15% and a return on equity of 15.23%. The firm had revenue of $51.14 million during the quarter, compared to analyst estimates of $52.88 million.
Hedge funds have recently added to or reduced their stakes in the business. Calamos Advisors LLC bought a new position in City during the third quarter valued at $278,000. Walthausen & Co. LLC purchased a new stake in shares of City in the third quarter valued at $10,223,000. Vanguard Group Inc raised its stake in shares of City by 2.4% in the third quarter. Vanguard Group Inc now owns 1,590,260 shares of the bank’s stock valued at $122,133,000 after acquiring an additional 36,829 shares during the period. Legal & General Group Plc raised its stake in shares of City by 8.5% in the third quarter. Legal & General Group Plc now owns 35,387 shares of the bank’s stock valued at $2,708,000 after acquiring an additional 2,761 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of City by 53.4% in the third quarter. Schroder Investment Management Group now owns 11,577 shares of the bank’s stock valued at $889,000 after acquiring an additional 4,031 shares during the period. Institutional investors and hedge funds own 72.19% of the company’s stock.
CHCO stock opened at $78.02 on Wednesday. City has a 52 week low of $65.32 and a 52 week high of $83.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.90. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.79 and a beta of 0.70.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, January 14th. This represents a $2.12 annualized dividend and a yield of 2.72%. City’s dividend payout ratio (DPR) is currently 41.09%.
City Company Profile
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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