Headlines about City (NASDAQ:CHCO) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. City earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.4846790736118 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- City (CHCO) Set to Announce Earnings on Monday (americanbankingnews.com)
- New York Wine Events Returns to Industry City with the Brooklyn Crush Wine & Artisanal Food Festival on Saturday, May 12 (broadwayworld.com)
- Clark City to be developed as PHL’s next big metro hub (businessmirror.com.ph)
- Biz Bits: Chico tech incubator offering resources (chicoer.com)
- Chico Country Day students advocate for homeless with school project (chicoer.com)
Several analysts have recently weighed in on CHCO shares. Boenning Scattergood reiterated a “hold” rating on shares of City in a research report on Wednesday, January 24th. Zacks Investment Research downgraded shares of City from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. BidaskClub raised shares of City from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Finally, Sandler O’Neill set a $72.00 price target on shares of City and gave the company a “hold” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $74.50.
Shares of CHCO stock opened at $70.67 on Monday. City has a 12-month low of $58.80 and a 12-month high of $74.90. The stock has a market cap of $1,104.62, a P/E ratio of 17.94, a PEG ratio of 1.93 and a beta of 0.73. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14.
City (NASDAQ:CHCO) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.11. City had a net margin of 26.25% and a return on equity of 12.40%. The firm had revenue of $47.96 million during the quarter, compared to the consensus estimate of $47.43 million. equities research analysts expect that City will post 4.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, April 12th. City’s dividend payout ratio is presently 46.70%.
In other City news, CEO Charles R. Hageboeck sold 5,114 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $68.29, for a total value of $349,235.06. Following the completion of the transaction, the chief executive officer now directly owns 70,863 shares of the company’s stock, valued at $4,839,234.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.83% of the company’s stock.
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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.
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