City (CHCO) to Release Quarterly Earnings on Tuesday

City (NASDAQ:CHCO - Get Free Report) is expected to be releasing its earnings data 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 - Get Free Report) last issued its earnings results on Thursday, January 23rd. The bank reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.03. City had a net margin of 30.83% and a return on equity of 16.49%. On average, analysts expect City to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

City Stock Up 0.6 %

Shares of NASDAQ:CHCO traded up $0.64 during trading on Friday, reaching $113.74. 68,988 shares of the stock traded hands, compared to its average volume of 59,809. City has a 52-week low of $98.22 and a 52-week high of $137.28. The stock has a market cap of $1.67 billion, a P/E ratio of 14.42 and a beta of 0.48. The stock has a 50-day moving average of $116.23 and a two-hundred day moving average of $120.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82.

City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Tuesday, April 15th. This represents a $3.16 annualized dividend and a yield of 2.78%. City's dividend payout ratio is 40.05%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on City from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th.

Insider Buying and Selling at City

In related news, Director Charles W. Fairchilds sold 500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total value of $60,250.00. Following the transaction, the director now directly owns 1,014 shares of the company's stock, valued at approximately $122,187. This trade represents a 33.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David L. Bumgarner sold 556 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $120.00, for a total value of $66,720.00. Following the sale, the chief financial officer now directly owns 9,395 shares of the company's stock, valued at $1,127,400. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,226 shares of company stock worth $147,200. Insiders own 1.87% of the company's stock.

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.