City (CHCO) to Release Earnings on Tuesday

City (NASDAQ:CHCO) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect City to post earnings of $1.84 per share and revenue of $73.28 million for the quarter.

City (NASDAQ:CHCO) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. On average, analysts expect City to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

City Price Performance

NASDAQ:CHCO opened at $111.33 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $116.60 and a 200 day simple moving average of $120.18. City has a 1-year low of $97.50 and a 1-year high of $137.28. The stock has a market capitalization of $1.64 billion, a PE ratio of 14.11 and a beta of 0.48.

City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.84%. City’s dividend payout ratio is presently 40.05%.

Insiders Place Their Bets

In other City news, Director Charles W. Fairchilds sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $120.50, for a total transaction of $60,250.00. Following the completion of the sale, the director now directly owns 1,014 shares in the company, valued at $122,187. This trade represents a 33.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David L. Bumgarner sold 556 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $120.00, for a total value of $66,720.00. Following the sale, the chief financial officer now owns 9,395 shares of the company’s stock, valued at approximately $1,127,400. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,226 shares of company stock valued at $147,200 over the last ninety days. 2.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of City from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, January 24th.

About City

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.