News articles about City Holding (NASDAQ:CHCO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. City Holding earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.6172544170665 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- City Holding Company (CHCO) Expected to Post Earnings of $0.92 Per Share (americanbankingnews.com)
- New ‘Little Free Library’ established in Pell City’s Lakeside Park (with photos) (annistonstar.com)
- PotNetwork Holding, Inc. Strengthens Board of Advisors with the Appointment of Dr. David Feldbaum (enhancedonlinenews.com)
- Edmonton becoming a safer city in the eyes of Canadians (techkenyot.com)
- PotNetwork Holding Inc. Strengthens Board of Advisors with the Appointment of Dr. David Feldbaum (ih.advfn.com)
Shares of City Holding (NASDAQ:CHCO) opened at 62.55 on Friday. The firm has a market cap of $976.84 million, a P/E ratio of 16.37 and a beta of 0.84. City Holding has a 12-month low of $48.40 and a 12-month high of $74.90. The stock’s 50 day moving average price is $64.42 and its 200-day moving average price is $65.43.
City Holding (NASDAQ:CHCO) last released its earnings results on Monday, July 24th. The bank reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The company had revenue of $46.18 million for the quarter, compared to the consensus estimate of $46.45 million. City Holding had a return on equity of 12.62% and a net margin of 29.07%. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts predict that City Holding will post $3.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given 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 2.81%. City Holding’s dividend payout ratio (DPR) is presently 45.95%.
Several equities research analysts have issued reports on the company. BidaskClub raised City Holding from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised City Holding from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a report on Wednesday, July 26th. Finally, ValuEngine raised City Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. City Holding has an average rating of “Hold” and an average price target of $70.33.
In related news, CAO Jeffrey Dale Legge sold 899 shares of City Holding stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $67.55, for a total transaction of $60,727.45. Following the transaction, the chief accounting officer now directly owns 7,151 shares in the company, valued at $483,050.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John A. Derito sold 2,688 shares of City Holding stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $62.85, for a total value of $168,940.80. Following the transaction, the executive vice president now owns 22,844 shares in the company, valued at $1,435,745.40. The disclosure for this sale can be found here. Insiders have sold 5,587 shares of company stock worth $356,408 over the last quarter. 3.88% of the stock is owned by company insiders.
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.
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