City (CHCO) Expected to Announce Earnings on Wednesday

City (NASDAQ:CHCO) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.91 per share and revenue of $74,750.00 billion for the quarter.

City (NASDAQ:CHCO) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10. City had a net margin of 31.18% and a return on equity of 16.60%. The company had revenue of $98.40 million during the quarter, compared to the consensus estimate of $73.90 million. On average, analysts expect City to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

City Price Performance

CHCO stock traded up $1.08 on Wednesday, reaching $119.47. 46,120 shares of the company’s stock were exchanged, compared to its average volume of 70,191. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. City has a twelve month low of $97.50 and a twelve month high of $137.28. The firm has a market cap of $1.76 billion, a PE ratio of 15.34 and a beta of 0.51. The stock has a fifty day moving average of $126.02 and a 200-day moving average of $119.50.

City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, January 15th. City’s payout ratio is currently 40.56%.

Insider Buying and Selling at City

In other news, Director C Dallas Kayser sold 1,784 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $133.33, for a total value of $237,860.72. Following the sale, the director now directly owns 23,637 shares of the company’s stock, valued at approximately $3,151,521.21. This trade represents a 7.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John A. Derito sold 1,243 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.93, for a total transaction of $170,203.99. Following the transaction, the executive vice president now directly owns 28,757 shares in the company, valued at $3,937,696.01. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,092 shares of company stock valued at $1,196,697. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHCO. Keefe, Bruyette & Woods boosted their price target on City from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reaffirmed a “neutral” rating and set a $135.00 price target on shares of City in a research report on Friday, November 8th.

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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.