City (CHCO) Expected to Announce Earnings on Wednesday

City (NASDAQ:CHCO) is expected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.91 per share and revenue of $74,750.00 billion for the quarter.

City (NASDAQ:CHCO) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10. City had a return on equity of 16.60% and a net margin of 31.18%. The firm had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. On average, analysts expect City to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

City Price Performance

Shares of City stock traded up $1.08 during trading on Wednesday, hitting $119.47. The stock had a trading volume of 46,120 shares, compared to its average volume of 70,191. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 15.34 and a beta of 0.51. City has a 12 month low of $97.50 and a 12 month high of $137.28. The business’s 50-day moving average is $126.02 and its 200 day moving average is $119.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.

City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.79 per share. The ex-dividend date is Wednesday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.65%. City’s payout ratio is presently 40.56%.

Analyst Ratings Changes

CHCO has been the subject of a number of recent research reports. Piper Sandler reissued a “neutral” rating and set a $135.00 price target on shares of City in a research report on Friday, November 8th. Keefe, Bruyette & Woods raised their price target on shares of City from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Insider Transactions at City

In other news, EVP John A. Derito sold 1,243 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.93, for a total transaction of $170,203.99. Following the sale, the executive vice president now directly owns 28,757 shares of the company’s stock, valued at $3,937,696.01. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director C Dallas Kayser sold 1,784 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total transaction of $237,860.72. Following the transaction, the director now directly owns 23,637 shares in the company, valued at approximately $3,151,521.21. The trade was a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,092 shares of company stock valued at $1,196,697. Corporate insiders own 2.45% of the company’s stock.

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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.