City Holding Company (CHCO) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

City Holding Company (NASDAQ:CHCO) issued its quarterly earnings results on Monday, July 24th. The bank reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11, Bloomberg Earnings reports. The firm had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $46.45 million. City Holding had a net margin of 29.07% and a return on equity of 12.62%. During the same period in the previous year, the business earned $0.83 earnings per share.

City Holding (NASDAQ CHCO) opened at 60.42 on Friday. City Holding has a 1-year low of $48.40 and a 1-year high of $74.90. The stock has a market cap of $943.58 million, a PE ratio of 15.81 and a beta of 0.84. The firm’s 50-day moving average price is $64.90 and its 200 day moving average price is $65.53.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were paid a dividend of $0.44 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.76 annualized dividend and a yield of 2.91%. City Holding’s dividend payout ratio (DPR) is presently 45.95%.

Several analysts have issued reports on the company. Zacks Investment Research upgraded 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 downgraded City Holding from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.33.

In related news, EVP Craig G. Stilwell sold 1,822 shares of City Holding stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $65.07, for a total value of $118,557.54. Following the sale, the executive vice president now owns 25,043 shares of the company’s stock, valued at approximately $1,629,548.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey Dale Legge sold 899 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $67.55, for a total value of $60,727.45. Following the completion of the transaction, the chief accounting officer now owns 7,151 shares of the company’s stock, valued at $483,050.05. The disclosure for this sale can be found here. In the last three months, insiders sold 18,655 shares of company stock worth $1,212,366. 3.88% of the stock is owned by insiders.

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About City Holding

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.

Earnings History for City Holding (NASDAQ:CHCO)

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