Brokerages Expect City Holding (NASDAQ:CHCO) to Announce $1.30 EPS

Equities research analysts forecast that City Holding (NASDAQ:CHCOGet Rating) will report earnings of $1.30 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for City’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.32. City reported earnings of $1.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that City will report full-year earnings of $5.58 per share for the current year, with EPS estimates ranging from $5.43 to $5.65. For the next year, analysts expect that the business will post earnings of $5.82 per share, with EPS estimates ranging from $5.66 to $6.00. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover City.

City (NASDAQ:CHCOGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.16. City had a net margin of 38.11% and a return on equity of 13.31%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of City from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, March 31st. StockNews.com lowered shares of City from a “hold” rating to a “sell” rating in a research note on Monday.

Shares of CHCO traded down $0.31 on Wednesday, reaching $80.59. The company’s stock had a trading volume of 56,787 shares, compared to its average volume of 71,393. City has a twelve month low of $71.61 and a twelve month high of $86.30. The stock has a market capitalization of $1.21 billion, a PE ratio of 13.82 and a beta of 0.56. The firm has a fifty day moving average of $78.35 and a 200-day moving average of $79.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, April 15th were paid a $0.60 dividend. The ex-dividend date was Wednesday, April 13th. This represents a $2.40 annualized dividend and a yield of 2.98%. City’s dividend payout ratio (DPR) is 41.17%.

In other news, CEO Charles R. Hageboeck sold 5,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $80.08, for a total transaction of $404,404.00. Following the completion of the sale, the chief executive officer now owns 54,109 shares in the company, valued at approximately $4,333,048.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David L. Bumgarner sold 1,760 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $80.00, for a total transaction of $140,800.00. Following the sale, the chief financial officer now owns 9,947 shares of the company’s stock, valued at approximately $795,760. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,660 shares of company stock valued at $692,446. 2.56% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Kenfarb & CO. purchased a new stake in shares of City during the 4th quarter valued at $25,000. Lazard Asset Management LLC purchased a new position in City in the 1st quarter worth $27,000. Dixon Hughes Goodman Wealth Advisors LLC raised its position in City by 300.0% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $31,000 after purchasing an additional 300 shares during the period. Public Employees Retirement System of Ohio raised its position in City by 41.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 562 shares of the bank’s stock worth $46,000 after purchasing an additional 164 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in City by 80.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 655 shares of the bank’s stock worth $52,000 after purchasing an additional 292 shares during the period. 64.12% of the stock is owned by hedge funds and other institutional investors.

About City (Get Rating)

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.

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Earnings History and Estimates for City (NASDAQ:CHCO)

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