City (CHCO) Expected to Announce Earnings on Wednesday

City (NASDAQ:CHCO) is anticipated to announce its earnings results 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 released its earnings results on Thursday, October 24th. The bank reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.10. The business had revenue of $98.40 million during the quarter, compared to the consensus estimate of $73.90 million. City had a net margin of 31.18% and a return on equity of 16.60%. On average, analysts expect City to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

City Stock Up 0.6 %

Shares of NASDAQ CHCO opened at $119.68 on Monday. City has a 52-week low of $97.50 and a 52-week high of $137.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The company’s 50 day moving average price is $125.32 and its 200-day moving average price is $119.78. The company has a market capitalization of $1.76 billion, a P/E ratio of 15.36 and a beta of 0.51.

City Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, January 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.64%. City’s dividend payout ratio (DPR) is currently 40.56%.

Insider Buying and Selling at City

In other City news, EVP John A. Derito sold 1,243 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.93, for a total transaction of $170,203.99. Following the transaction, the executive vice president now owns 28,757 shares in the company, valued at approximately $3,937,696.01. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director C Dallas Kayser sold 1,784 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $133.33, for a total transaction of $237,860.72. Following the completion of the transaction, the director now directly owns 23,637 shares in the company, valued at approximately $3,151,521.21. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,092 shares of company stock valued at $1,196,697. Company insiders own 2.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on City from $120.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reiterated a “neutral” rating and issued a $135.00 target price on shares of City in a 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.