City Holding Company (CHCO) To Go Ex-Dividend on April 15th

City Holding Company (NASDAQ:CHCO) declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.87 per share by the bank on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

City has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. City has a dividend payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect City to earn $7.97 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 43.7%.

City Trading Down 1.6%

Shares of NASDAQ CHCO traded down $1.91 during midday trading on Friday, reaching $119.45. 179,108 shares of the stock were exchanged, compared to its average volume of 109,195. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. City has a 12 month low of $102.22 and a 12 month high of $133.59. The business has a 50-day simple moving average of $122.18 and a two-hundred day simple moving average of $122.30. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.36 and a beta of 0.51.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). City had a return on equity of 16.61% and a net margin of 32.56%.The firm had revenue of $60.83 million for the quarter, compared to the consensus estimate of $81.38 million. As a group, equities research analysts expect that City will post 7.58 EPS for the current year.

Analysts Set New Price Targets

CHCO has been the subject of several analyst reports. Piper Sandler raised their target price on City from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of City in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.50.

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.