City (CHCO) Earning Somewhat Positive News Coverage, Analysis Shows

Media stories about City (NASDAQ:CHCO) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. 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 media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.5648707309421 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

CHCO traded up $0.73 during midday trading on Tuesday, hitting $81.04. 241 shares of the company traded hands, compared to its average volume of 57,710. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $1.24 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.06 and a beta of 0.67. City has a 52 week low of $58.80 and a 52 week high of $82.75.

City (NASDAQ:CHCO) last posted its earnings results on Thursday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.22. The business had revenue of $49.18 million for the quarter, compared to analysts’ expectations of $48.59 million. City had a net margin of 29.49% and a return on equity of 13.85%. research analysts forecast that City will post 4.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, July 12th. City’s dividend payout ratio is currently 46.70%.

CHCO has been the topic of a number of analyst reports. ValuEngine upgraded shares of City from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. BidaskClub upgraded shares of City from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded shares of City from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Monday, July 16th. DA Davidson set a $77.00 price target on shares of City and gave the stock a “buy” rating in a research note on Friday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of City in a research note on Thursday, July 26th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $79.67.

In other City news, EVP Craig G. Stilwell sold 967 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $74.14, for a total transaction of $71,693.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey Dale Legge sold 325 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $80.78, for a total transaction of $26,253.50. Following the transaction, the chief accounting officer now owns 5,927 shares in the company, valued at approximately $478,783.06. The disclosure for this sale can be found here. 3.83% of the stock is currently owned by corporate insiders.

City Company Profile

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.

Read More: NASDAQ

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

Receive News & Ratings for City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply