City Holding (CHCO) Receiving Somewhat Negative News Coverage, Study Shows
News coverage about City Holding (NASDAQ:CHCO) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. City Holding earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.4336425051248 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Comparing TCF Financial Corporation (TCF) and City Holding (CHCO) (americanbankingnews.com)
- City Holding Company (CHCO) Expected to Post Quarterly Sales of $47.43 Million (americanbankingnews.com)
- Analysts Anticipate City Holding Company (CHCO) Will Announce Earnings of $0.96 Per Share (americanbankingnews.com)
- City Holding Company (CHCO) Given $71.00 Consensus Target Price by Brokerages (americanbankingnews.com)
City Holding (NASDAQ CHCO) traded down $0.21 during midday trading on Friday, hitting $65.50. 56,800 shares of the stock were exchanged, compared to its average volume of 57,621. City Holding has a 52 week low of $56.36 and a 52 week high of $74.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1,026.26, a P/E ratio of 17.11, a P/E/G ratio of 1.71 and a beta of 0.85.
City Holding (NASDAQ:CHCO) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. City Holding had a net margin of 29.25% and a return on equity of 12.34%. The company had revenue of $45.90 million during the quarter, compared to the consensus estimate of $47.18 million. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. sell-side analysts predict that City Holding will post 3.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, October 12th. City Holding’s dividend payout ratio is currently 45.83%.
CHCO has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of City Holding from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Zacks Investment Research lowered shares of City Holding from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $70.33.
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In other news, CEO Charles R. Hageboeck sold 2,000 shares of City Holding stock in a transaction on Monday, August 28th. The shares were sold at an average price of $62.78, for a total transaction of $125,560.00. Following the completion of the sale, the chief executive officer now directly owns 72,984 shares of the company’s stock, valued at approximately $4,581,935.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.88% of the company’s stock.
About City Holding
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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