City (NASDAQ:CHCO - Get Free Report) posted its quarterly earnings data on Thursday. The bank reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.03, Zacks reports. City had a return on equity of 16.60% and a net margin of 31.18%.
City Trading Down 0.1 %
NASDAQ CHCO traded down $0.09 on Thursday, reaching $118.79. The company had a trading volume of 47,466 shares, compared to its average volume of 67,762. The stock's 50 day moving average is $124.49 and its 200-day moving average is $119.98. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 15.25 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. City has a 52 week low of $97.50 and a 52 week high of $137.28.
City Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.79 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.66%. City's dividend payout ratio is presently 40.56%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on City from $120.00 to $130.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler reaffirmed a "neutral" rating and set a $135.00 price target on shares of City in a research note on Friday, November 8th.
View Our Latest Report on City
Insider Activity at City
In other City news, CEO Charles R. Hageboeck sold 6,065 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.03, for a total value of $788,631.95. Following the completion of the sale, the chief executive officer now directly owns 44,974 shares in the company, valued at $5,847,969.22. This represents a 11.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John A. Derito sold 1,243 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.93, for a total value of $170,203.99. Following the completion of the sale, the executive vice president now owns 28,757 shares of the company's stock, valued at $3,937,696.01. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,092 shares of company stock worth $1,196,697. 2.45% of the stock is owned by insiders.
City Company Profile
(
Get Free Report)
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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