Somewhat Positive Media Coverage Somewhat Unlikely to Impact City (CHCO) Stock Price

News headlines about City (NASDAQ:CHCO) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. City earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.5620228898581 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

City (NASDAQ CHCO) opened at $69.53 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1,085.92, a P/E ratio of 19.92, a P/E/G ratio of 1.94 and a beta of 0.77. City has a 12-month low of $58.80 and a 12-month high of $74.90.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.11. The company had revenue of $47.96 million during the quarter, compared to analysts’ expectations of $47.43 million. City had a return on equity of 12.40% and a net margin of 26.25%. equities analysts predict that City will post 4.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 15th were given a dividend of $0.46 per share. This is a boost from City’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, January 11th. City’s dividend payout ratio (DPR) is currently 52.72%.

CHCO has been the subject of a number of research reports. BidaskClub raised City from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of City in a report on Wednesday, January 24th. Sandler O’Neill set a $72.00 target price on City and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research upgraded City from a “sell” rating to a “hold” rating and set a $78.00 price target for the company in a research report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.75.

In related news, CFO David L. Bumgarner sold 1,000 shares of City stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 directly owns 10,965 shares in the company, valued at $800,445. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is currently owned by company insiders.

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About City

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.

Insider Buying and Selling by Quarter for City (NASDAQ:CHCO)

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