City (NASDAQ:CHCO) Downgraded by BidaskClub to Sell

City (NASDAQ:CHCO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, November 10th.

Separately, Zacks Investment Research upgraded shares of City from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. City currently has an average rating of “Hold” and an average price target of $70.33.

City (CHCO) traded up $2.89 on Friday, hitting $73.25. 73,900 shares of the company’s stock traded hands, compared to its average volume of 57,381. City has a twelve month low of $58.80 and a twelve month high of $74.90. The company has a market cap of $1,100.00, a P/E ratio of 17.75, a PEG ratio of 1.78 and a beta of 0.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.90 and a quick ratio of 0.90.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $45.90 million during the quarter, compared to the consensus estimate of $47.18 million. City had a net margin of 29.25% and a return on equity of 12.34%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. analysts forecast that City will post 3.83 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in City by 0.4% in the 2nd quarter. BlackRock Inc. now owns 1,913,498 shares of the bank’s stock worth $126,042,000 after purchasing an additional 7,009 shares during the period. Vanguard Group Inc. increased its position in shares of City by 4.0% during the second quarter. Vanguard Group Inc. now owns 1,469,229 shares of the bank’s stock worth $96,778,000 after acquiring an additional 57,001 shares during the period. Dimensional Fund Advisors LP increased its position in shares of City by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 696,154 shares of the bank’s stock worth $44,888,000 after acquiring an additional 3,451 shares during the period. JPMorgan Chase & Co. increased its position in shares of City by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 513,118 shares of the bank’s stock worth $36,713,000 after acquiring an additional 15,216 shares during the period. Finally, State Street Corp increased its position in shares of City by 14.4% during the first quarter. State Street Corp now owns 489,105 shares of the bank’s stock worth $31,536,000 after acquiring an additional 61,409 shares during the period. 64.98% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “City (NASDAQ:CHCO) Downgraded by BidaskClub to Sell” was originally published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://baseballnewssource.com/markets/city-holding-company-chco-downgraded-by-bidaskclub/1773497.html.

About City

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.

Receive News & Ratings for City Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Holding Company and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.