City (NASDAQ:CHCO) posted its quarterly earnings data on Sunday. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.33, MarketWatch Earnings reports. City had a net margin of 33.35% and a return on equity of 13.07%.
Shares of CHCO stock traded up $1.07 during mid-day trading on Tuesday, reaching $74.10. The company’s stock had a trading volume of 2,859 shares, compared to its average volume of 70,844. City has a 1-year low of $53.06 and a 1-year high of $80.40. The company has a market cap of $1.17 billion, a P/E ratio of 13.21 and a beta of 0.67. The firm’s 50-day moving average is $70.39 and its two-hundred day moving average is $64.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, January 14th. This is an increase from City’s previous quarterly dividend of $0.57. This represents a $2.32 dividend on an annualized basis and a yield of 3.13%. City’s dividend payout ratio is 42.49%.
CHCO has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of City from a “buy” rating to a “hold” rating in a report on Monday, January 4th. Piper Sandler upped their price objective on shares of City from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $67.33.
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.
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