Press coverage about City (NASDAQ:CHCO) has been trending somewhat negative recently, according to Accern. The research group rates the sentiment of news 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 closest to one being the most favorable. City earned a daily sentiment score of -0.10 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.2138959647086 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Punchbowl® Launches Sweepstakes to Help Consumers Say #AdiosEvite (prweb.com)
- CIBT Reports Referral Fee Agreements to Raise $60 million for New Flagship Project (fscwire.com)
- City Holding (CHCO) Expected to Post Earnings of $1.07 Per Share (americanbankingnews.com)
- $46.99 Million in Sales Expected for City Holding (CHCO) This Quarter (americanbankingnews.com)
A number of research firms recently weighed in on CHCO. Zacks Investment Research downgraded City from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. BidaskClub raised shares of City from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of City in a research report on Wednesday, January 24th. Finally, Sandler O’Neill set a $72.00 price target on shares of City and gave the company a “hold” rating in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. City currently has a consensus rating of “Hold” and a consensus target price of $71.67.
City (NASDAQ:CHCO) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.11. The company had revenue of $47.96 million during the quarter, compared to analyst estimates of $47.43 million. City had a net margin of 26.25% and a return on equity of 12.40%. equities research analysts forecast that City will post 4.48 earnings per share for the current year.
In related news, CEO Charles R. Hageboeck sold 5,114 shares of the firm’s stock in a transaction that occurred on 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 approximately $4,839,234.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is currently owned by company insiders.
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City Company Profile
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.
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