Somewhat Favorable News Coverage Somewhat Unlikely to Affect City (CHCO) Stock Price
Headlines about City (NASDAQ:CHCO) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. City earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.3562015741137 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of City (NASDAQ CHCO) opened at $68.57 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. City has a one year low of $58.80 and a one year high of $74.90. The firm has a market cap of $1,080.00, a P/E ratio of 18.01, a P/E/G ratio of 1.80 and a beta of 0.83.
City (NASDAQ:CHCO) last released its earnings results on Wednesday, October 18th. The bank reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. City had a net margin of 29.25% and a return on equity of 12.34%. The firm had revenue of $45.90 million for the quarter, compared to analyst estimates of $47.18 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. analysts predict that City will post 3.83 EPS for the current fiscal year.
CHCO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of City from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. BidaskClub upgraded shares of City from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.33.
In other City news, CFO David L. Bumgarner sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $73.00, for a total value of $73,000.00. Following the transaction, the chief financial officer now directly owns 10,965 shares in the company, valued at $800,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.88% of the company’s stock.
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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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