City Holding Company (NASDAQ: CHCO) recently received a number of ratings updates from brokerages and research firms:

  • 6/30/2017 – City Holding Company was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – City Holding Company was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 6/26/2017 – City Holding Company was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 6/21/2017 – City Holding Company was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – City Holding Company was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. “
  • 6/10/2017 – City Holding Company was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/2/2017 – City Holding Company was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

City Holding Company (CHCO) traded up 1.80% during trading on Friday, hitting $66.91. 12,085 shares of the stock were exchanged. The stock’s 50 day moving average is $65.49 and its 200-day moving average is $65.96. City Holding Company has a one year low of $44.27 and a one year high of $74.90. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 18.02 and a beta of 0.84.

City Holding Company (NASDAQ:CHCO) last issued its quarterly earnings results on Monday, April 24th. The bank reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. City Holding Company had a net margin of 28.38% and a return on equity of 12.60%. The firm had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $46.99 million. During the same period in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts expect that City Holding Company will post $3.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.68%. The ex-dividend date is Wednesday, July 12th. City Holding Company’s dividend payout ratio (DPR) is presently 47.31%.

In other City Holding Company news, EVP John A. Derito sold 2,688 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $62.85, for a total value of $168,940.80. Following the sale, the executive vice president now directly owns 22,844 shares in the company, valued at $1,435,745.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles R. Hageboeck sold 6,821 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $65.71, for a total transaction of $448,207.91. Following the completion of the sale, the chief executive officer now owns 75,080 shares in the company, valued at $4,933,506.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,687 shares of company stock worth $1,665,964. 3.88% of the stock is owned by company insiders.

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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