Analysts Expect City Holding Company (CHCO) Will Announce Earnings of $0.92 Per Share

Wall Street analysts expect City Holding Company (NASDAQ:CHCO) to announce $0.92 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for City Holding’s earnings. City Holding reported earnings per share of $0.88 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The company is expected to announce its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that City Holding will report full-year earnings of $3.89 per share for the current fiscal year, with EPS estimates ranging from $3.88 to $3.89. For the next financial year, analysts forecast that the business will post earnings of $3.83 per share, with EPS estimates ranging from $3.80 to $3.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow City Holding.

City Holding (NASDAQ:CHCO) last issued its earnings results on Monday, July 24th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The firm had revenue of $46.18 million during 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 quarter in the previous year, the firm earned $0.83 earnings per share.

A number of equities analysts recently commented on CHCO shares. ValuEngine raised City Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised City Holding from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, June 26th. Finally, BidaskClub raised City Holding from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $70.33.

Shares of City Holding (NASDAQ CHCO) traded down 0.13% on Thursday, reaching $63.05. The company’s stock had a trading volume of 75,629 shares. City Holding has a 12 month low of $48.40 and a 12 month high of $74.90. The firm’s 50-day moving average price is $64.35 and its 200-day moving average price is $65.42. The stock has a market cap of $984.65 million, a P/E ratio of 16.50 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were given a $0.44 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.79%. City Holding’s payout ratio is 45.95%.

In other news, CEO Charles R. Hageboeck sold 2,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $62.78, for a total value of $125,560.00. Following the completion of the transaction, the chief executive officer now owns 72,984 shares of the company’s stock, valued at approximately $4,581,935.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey Dale Legge sold 899 shares of the business’s stock in a transaction dated 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 directly owns 7,151 shares of the company’s stock, valued at approximately $483,050.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,587 shares of company stock valued at $355,228. 3.88% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of CHCO. BlackRock Inc. raised its position in shares of City Holding by 0.4% in the second quarter. BlackRock Inc. now owns 1,913,498 shares of the bank’s stock valued at $126,042,000 after buying an additional 7,009 shares in the last quarter. Vanguard Group Inc. raised its stake in City Holding by 4.0% in the second quarter. Vanguard Group Inc. now owns 1,469,229 shares of the bank’s stock valued at $96,778,000 after buying an additional 57,001 shares during the period. Dimensional Fund Advisors LP raised its stake in City Holding by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 696,154 shares of the bank’s stock valued at $44,888,000 after buying an additional 3,451 shares during the period. Macquarie Group Ltd. raised its stake in City Holding by 4.2% in the first quarter. Macquarie Group Ltd. now owns 513,264 shares of the bank’s stock valued at $33,095,000 after buying an additional 20,901 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in City Holding by 27.1% in the second quarter. JPMorgan Chase & Co. now owns 497,902 shares of the bank’s stock valued at $32,797,000 after buying an additional 106,203 shares during the period. 62.53% of the stock is owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for City Holding (NASDAQ:CHCO)

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