City (CHCO) to Release Earnings on Wednesday

City (NASDAQ:CHCO) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect City to post earnings of $1.91 per share and revenue of $74,750.00 billion for the quarter.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. City had a net margin of 31.18% and a return on equity of 16.60%. The firm had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $73.90 million. On average, analysts expect City to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

City Price Performance

Shares of NASDAQ CHCO opened at $119.68 on Tuesday. The firm has a market cap of $1.76 billion, a P/E ratio of 15.36 and a beta of 0.51. City has a twelve month low of $97.50 and a twelve month high of $137.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $125.03 and a 200 day moving average of $119.88.

City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, January 15th. City’s dividend payout ratio is currently 40.56%.

Insider Transactions at City

In other City news, CEO Charles R. Hageboeck sold 6,065 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $130.03, for a total transaction of $788,631.95. Following the completion of the sale, the chief executive officer now directly owns 44,974 shares of the company’s stock, valued at approximately $5,847,969.22. This represents a 11.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John A. Derito sold 1,243 shares of City stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.93, for a total transaction of $170,203.99. Following the transaction, the executive vice president now owns 28,757 shares in the company, valued at $3,937,696.01. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,092 shares of company stock worth $1,196,697 in the last ninety days. Insiders own 2.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHCO. Keefe, Bruyette & Woods lifted their price objective on City from $120.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reaffirmed a “neutral” rating and set a $135.00 price target on shares of City in a report on Friday, November 8th.

City Company Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.