City - CHCO Stock Forecast, Price & News

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. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of residence; first-priority home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, land loans, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, interactive voice response systems, and credit and debit card services. The company operates through a network of 94 branches and 905 full-time equivalent associates in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. DA Davidson reiterated a "neutral" rating on shares of City in a report on Wednesday, July 27th. StockNews.com lowered shares of City from a "hold" rating to a "sell" rating in a research report on Monday, May 23rd.

City Stock Performance

Shares of CHCO traded up $0.54 during trading hours on Monday, reaching $89.60. 532 shares of the company traded hands, compared to its average volume of 69,478. The stock's fifty day moving average is $82.17 and its 200 day moving average is $80.15. The stock has a market cap of $1.33 billion, a P/E ratio of 15.02 and a beta of 0.57. City has a 1-year low of $71.64 and a 1-year high of $89.60.

City (NASDAQ:CHCO - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.19. City had a net margin of 37.91% and a return on equity of 13.93%. On average, equities research analysts predict that City will post 6.55 EPS for the current year.

City Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were paid a $0.60 dividend. The ex-dividend date was Thursday, July 14th. This represents a $2.40 dividend on an annualized basis and a yield of 2.68%. City's payout ratio is currently 40.47%.

Insider Activity at City

In other City news, CFO David L. Bumgarner sold 375 shares of the company's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $86.54, for a total transaction of $32,452.50. Following the sale, the chief financial officer now directly owns 9,572 shares of the company's stock, valued at $828,360.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO David L. Bumgarner sold 375 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $86.54, for a total transaction of $32,452.50. Following the sale, the chief financial officer now directly owns 9,572 shares of the company's stock, valued at $828,360.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles R. Hageboeck sold 5,050 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $80.08, for a total transaction of $404,404.00. Following the sale, the chief executive officer now directly owns 54,109 shares in the company, valued at $4,333,048.72. The disclosure for this sale can be found here. 2.56% of the stock is currently owned by insiders.