City (CHCO) Given Daily Coverage Optimism Rating of 0.26
News stories about City (NASDAQ:CHCO) have trended positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. City earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.2141603367941 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Head-To-Head Contrast: City (CHCO) & The Competition (americanbankingnews.com)
- City Holding Company (CHCO) Given $71.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- City (CHCO) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Boenning Scattergood Research Analysts Increase Earnings Estimates for City Holding Company (CHCO) (americanbankingnews.com)
City (NASDAQ:CHCO) opened at $68.08 on Wednesday. The firm has a market cap of $1,065.31, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. City has a 52-week low of $58.80 and a 52-week high of $74.90.
City (NASDAQ:CHCO) last released its earnings results on Wednesday, October 18th. The bank reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $45.90 million during the quarter, compared to analyst estimates of $47.18 million. City had a net margin of 29.25% and a return on equity of 12.34%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. equities analysts expect that City will post 3.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 15th will be given a dividend of $0.46 per share. This is a positive change from City’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, January 11th. This represents a $1.84 dividend on an annualized basis and a yield of 2.70%. City’s payout ratio is currently 45.83%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of City from a “sell” rating to a “hold” rating and set a $78.00 price objective for the company in a research note on Friday, December 22nd. BidaskClub raised shares of City from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. City has an average rating of “Hold” and a consensus price target of $70.33.
In other City news, CFO David L. Bumgarner sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the transaction, the chief financial officer now owns 10,965 shares of the company’s stock, valued at approximately $800,445. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is owned by insiders.
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City 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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