City Holding (CHCO) Expected to Post Earnings of $1.22 Per Share

Analysts expect City Holding (NASDAQ:CHCO) to report $1.22 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for City’s earnings. City reported earnings per share of $1.13 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The business is scheduled to report its next earnings report on Thursday, April 18th.

On average, analysts expect that City will report full year earnings of $5.33 per share for the current fiscal year, with EPS estimates ranging from $5.24 to $5.40. For the next fiscal year, analysts expect that the company will report earnings of $5.53 per share, with EPS estimates ranging from $5.50 to $5.56. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for City.

City (NASDAQ:CHCO) last posted its earnings results on Thursday, January 24th. The bank reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The business had revenue of $51.14 million for the quarter, compared to the consensus estimate of $52.88 million. City had a net margin of 31.15% and a return on equity of 15.23%.

CHCO has been the topic of a number of analyst reports. Zacks Investment Research raised shares of City from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Friday, December 21st. BidaskClub raised shares of City from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of City in a research report on Thursday, January 24th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $80.00.

Shares of City stock traded up $0.87 on Wednesday, reaching $76.48. The stock had a trading volume of 61,000 shares, compared to its average volume of 52,700. The company has a quick ratio of 0.90, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. City has a 1 year low of $65.32 and a 1 year high of $83.27. The company has a market cap of $1.15 billion, a P/E ratio of 14.82, a PEG ratio of 1.79 and a beta of 0.70.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, January 14th. City’s payout ratio is currently 41.09%.

Several institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC grew its position in shares of City by 1.3% in the 4th quarter. Chicago Equity Partners LLC now owns 22,440 shares of the bank’s stock worth $1,517,000 after buying an additional 290 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in City by 10.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,073 shares of the bank’s stock worth $208,000 after purchasing an additional 290 shares in the last quarter. Victory Capital Management Inc. boosted its stake in City by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 8,908 shares of the bank’s stock worth $602,000 after purchasing an additional 348 shares in the last quarter. BB&T Securities LLC boosted its stake in City by 7.6% in the 4th quarter. BB&T Securities LLC now owns 5,057 shares of the bank’s stock worth $341,000 after purchasing an additional 357 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in City by 10.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,934 shares of the bank’s stock worth $266,000 after purchasing an additional 384 shares in the last quarter. 72.19% of the stock is currently owned by hedge funds and other institutional investors.

About City

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.

See Also: Cost of equity and a company’s balance sheet

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Earnings History and Estimates for City (NASDAQ:CHCO)

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