Equities research analysts expect City Holding Company (NASDAQ:CHCO) to announce earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for City’s earnings. City also reported earnings of $0.97 per share during the same quarter last year. The company is scheduled to announce its next earnings report on Thursday, January 18th.

On average, analysts expect that City will report full year earnings of $3.84 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $4.23 per share, with EPS estimates ranging from $3.80 to $4.64. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow City.

City (NASDAQ:CHCO) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. City had a return on equity of 12.34% and a net margin of 29.25%. The firm had revenue of $45.90 million during the quarter, compared to the consensus estimate of $47.18 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year.

Several research analysts recently issued reports on CHCO shares. BidaskClub upgraded City from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Zacks Investment Research downgraded City from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, Sandler O’Neill set a $72.00 price target on City and gave the company a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.75.

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 stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,965 shares in the company, valued at approximately $800,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.88% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CHCO. BlackRock Inc. grew its stake in shares of City by 0.4% during the 2nd 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 during the period. Vanguard Group Inc. grew its stake in shares of City by 4.0% during the 2nd 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. JPMorgan Chase & Co. grew its stake in shares of City by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,118 shares of the bank’s stock valued at $36,713,000 after buying an additional 15,216 shares during the period. Northern Trust Corp grew its stake in shares of City by 2.2% during the 2nd quarter. Northern Trust Corp now owns 478,138 shares of the bank’s stock valued at $31,495,000 after buying an additional 10,505 shares during the period. Finally, Walthausen & Co. LLC grew its stake in shares of City by 14.1% during the 3rd quarter. Walthausen & Co. LLC now owns 177,187 shares of the bank’s stock valued at $12,742,000 after buying an additional 21,850 shares during the period. Institutional investors own 64.97% of the company’s stock.

City (CHCO) opened at $69.45 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. City has a 12-month low of $58.80 and a 12-month high of $74.90. The stock has a market capitalization of $1,088.42, a P/E ratio of 18.09, a P/E/G ratio of 1.65 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 15th will be issued a $0.46 dividend. The ex-dividend date is Thursday, January 11th. This is an increase from City’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 2.65%. City’s payout ratio is 47.92%.

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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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Earnings History and Estimates for City (NASDAQ:CHCO)

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