City Holding Company (CHCO) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

City Holding Company (NASDAQ:CHCO) issued its quarterly earnings results on Wednesday. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01, Briefing.com reports. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $47.18 million. City Holding had a net margin of 29.07% and a return on equity of 12.62%. City Holding’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS.

Shares of City Holding (NASDAQ CHCO) traded down 2.017% during mid-day trading on Thursday, reaching $70.695. 28,074 shares of the company traded hands. The firm has a 50 day moving average of $68.41 and a 200-day moving average of $66.23. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.497 and a beta of 0.86. City Holding has a 52 week low of $48.46 and a 52 week high of $74.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, October 12th. City Holding’s dividend payout ratio (DPR) is 45.95%.

Several brokerages recently commented on CHCO. BidaskClub downgraded shares of City Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised 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 research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.33.

ILLEGAL ACTIVITY WARNING: “City Holding Company (CHCO) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/city-holding-company-chco-releases-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

In other news, CAO Jeffrey Dale Legge sold 899 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $67.55, for a total transaction of $60,727.45. Following the transaction, the chief accounting officer now owns 7,151 shares in the company, valued at $483,050.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles R. Hageboeck sold 2,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $62.78, for a total transaction of $125,560.00. Following the transaction, the chief executive officer now owns 72,984 shares in the company, valued at approximately $4,581,935.52. The disclosure for this sale can be found here. Corporate insiders own 3.88% of the company’s stock.

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, ea

Shares of City Holding (NASDAQ CHCO) traded down 2.017% during mid-day trading on Thursday, reaching $70.695. 28,074 shares of the company traded hands. The firm has a 50 day moving average of $68.41 and a 200-day moving average of $66.23. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.497 and a beta of 0.86. City Holding has a 52 week low of $48.46 and a 52 week high of $74.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, October 12th. City Holding’s dividend payout ratio (DPR) is 45.95%.

Several brokerages recently commented on CHCO. BidaskClub downgraded shares of City Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised 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 research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.33.

ILLEGAL ACTIVITY WARNING: “City Holding Company (CHCO) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/city-holding-company-chco-releases-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

In other news, CAO Jeffrey Dale Legge sold 899 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $67.55, for a total transaction of $60,727.45. Following the transaction, the chief accounting officer now owns 7,151 shares in the company, valued at $483,050.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles R. Hageboeck sold 2,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $62.78, for a total transaction of $125,560.00. Following the transaction, the chief executive officer now owns 72,984 shares in the company, valued at approximately $4,581,935.52. The disclosure for this sale can be found here. Corporate insiders own 3.88% of the company’s stock.

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.

Earnings History for City Holding (NASDAQ:CHCO)

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