City Holding Co. (CHCO) Scheduled to Post Earnings on Thursday
City Holding Co. (NASDAQ:CHCO) will be issuing its quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.79 per share for the quarter.
City Holding (NASDAQ:CHCO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. City Holding had a net margin of 26.25% and a return on equity of 11.45%. During the same period last year, the company earned $0.78 EPS. On average, analysts expect City Holding to post $3.34 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Shares of City Holding Co. (NASDAQ:CHCO) opened at 48.62 on Wednesday. The stock has a 50 day moving average of $49.81 and a 200-day moving average of $48.25. City Holding Co. has a 1-year low of $40.74 and a 1-year high of $51.33. The firm has a market cap of $729.54 million, a price-to-earnings ratio of 15.29 and a beta of 1.01.
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The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.54%. City Holding’s dividend payout ratio (DPR) is presently 54.09%.
Separately, Zacks Investment Research raised shares of City Holding from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
A number of large investors have recently modified their holdings of the stock. Trexquant Investment LP acquired a new stake in shares of City Holding during the second quarter worth approximately $225,000. BlackRock Inc. boosted its stake in shares of City Holding by 361.9% in the second quarter. BlackRock Inc. now owns 5,316 shares of the company’s stock worth $242,000 after buying an additional 4,165 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of City Holding during the second quarter worth approximately $257,000. Thrivent Financial for Lutherans boosted its stake in shares of City Holding by 4.9% in the second quarter. Thrivent Financial for Lutherans now owns 7,260 shares of the company’s stock worth $330,000 after buying an additional 340 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of City Holding by 5.8% in the second quarter. BlackRock Advisors LLC now owns 7,473 shares of the company’s stock worth $340,000 after buying an additional 409 shares during the last quarter. 60.11% of the stock is currently owned by hedge funds and other institutional investors.
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). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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