Somewhat Favorable Press Coverage Somewhat Unlikely to Affect City Holding (CHCO) Share Price
News stories about City Holding (NASDAQ:CHCO) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. City Holding earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.8610835033829 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of City Holding from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective on the stock in a report on Wednesday, July 26th. BidaskClub upgraded shares of City Holding from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, ValuEngine upgraded shares of City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $70.33.
City Holding (NASDAQ CHCO) opened at 60.97 on Friday. The stock has a market cap of $952.17 million, a price-to-earnings ratio of 15.95 and a beta of 0.84. The company has a 50-day moving average of $65.42 and a 200 day moving average of $65.70. City Holding has a 12-month low of $48.17 and a 12-month high of $74.90.
City Holding (NASDAQ:CHCO) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The business had revenue of $46.18 million during the quarter, compared to analyst estimates of $46.45 million. City Holding had a return on equity of 12.62% and a net margin of 29.07%. During the same period in the previous year, the company earned $0.83 EPS. Equities analysts anticipate that City Holding will post $3.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.89%. City Holding’s dividend payout ratio is 45.95%.
In other news, EVP Craig G. Stilwell sold 1,822 shares of City Holding stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $65.07, for a total transaction of $118,557.54. Following the completion of the sale, the executive vice president now directly owns 25,043 shares in the company, valued at approximately $1,629,548.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Charles R. Hageboeck sold 6,821 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $65.71, for a total value of $448,207.91. Following the completion of the sale, the chief executive officer now owns 75,080 shares of the company’s stock, valued at $4,933,506.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,586 shares of company stock valued at $1,726,691. 3.88% of the stock is owned by corporate insiders.
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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). 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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