City (CHCO) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CHCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHCO, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 12-month target prices for City's stock. Their CHCO share price forecasts range from $89.00 to $91.00. On average, they expect the company's share price to reach $90.33 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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City's stock was trading at $93.09 at the beginning of the year. Since then, CHCO stock has decreased by 3.8% and is now trading at $89.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our CHCO earnings forecast.

City Holding (NASDAQ:CHCO) released its quarterly earnings data on Tuesday, April, 25th. The bank reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.21. The bank earned $72.45 million during the quarter, compared to analysts' expectations of $68.85 million. City had a trailing twelve-month return on equity of 18.66% and a net margin of 36.69%.

City declared a quarterly dividend on Wednesday, March 29th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.65 per share on Friday, April 28th. This represents a $2.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, April 13th.
Read our dividend analysis for CHCO.

ETFs with the largest weight of City (NASDAQ:CHCO) stock in their portfolio include Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Invesco S&P SmallCap Low Volatility ETF (XSLV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Vanguard U.S. Minimum Volatility ETF (VFMV), Emerge EMPWR Unified Sustainable Equity ETF (EMPW), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), ProShares Russell 2000 Dividend Growers ETF (SMDV) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).

City (NASDAQ:CHCO) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.89%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHCO will have a dividend payout ratio of 37.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHCO.

Based on aggregate information from My MarketBeat watchlists, some companies that other City investors own include Sangamo Therapeutics (SGMO), Wells Fargo & Company (WFC), Huntington Bancshares (HBAN), Bank of Hawaii (BOH), AT&T (T), AbbVie (ABBV), Consolidated Edison (ED), Eastman Chemical (EMN), Enbridge (ENB) and Enterprise Products Partners (EPD).

City trades on the NASDAQ under the ticker symbol "CHCO."

City's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.65%), State Street Corp (4.32%), Macquarie Group Ltd. (3.72%), Dimensional Fund Advisors LP (3.40%), Charles Schwab Investment Management Inc. (2.43%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include Charles R Hageboeck, Craig G Stilwell, David L Bumgarner, Gregory A Burton, J Thomas Jones, Javier A Reyes, Jeffrey Dale Legge, John A Derito, Michael T Quinlan Jr, Michael T Quinlan, Jr, Sharon H Rowe, Tracy W Hylton II and Tracy W Hylton II.
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Shares of CHCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHCO stock can currently be purchased for approximately $89.55.

City (NASDAQ:CHCO) has a market capitalization of $1.35 billion and generates $261.77 million in revenue each year. The bank earns $102.07 million in net income (profit) each year or $7.02 on an earnings per share basis.

The company employs 897 workers across the globe.

City's mailing address is 25 GATEWATER ROAD, CHARLESTON WV, 25313. The official website for the company is www.bankatcity.com. The bank can be reached via phone at (304) 769-1100, via email at victoria.faw@bankatcity.com, or via fax at 304-769-1111.