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NASDAQ:CHCO

City - CHCO Stock Forecast, Price & News

$90.68
+0.67 (+0.74%)
(As of 08/16/2022 11:27 AM ET)
Add
Compare
Today's Range
$90.09
$90.70
50-Day Range
$78.18
$90.01
52-Week Range
$71.64
$90.01
Volume
220 shs
Average Volume
53,182 shs
Market Capitalization
$1.35 billion
P/E Ratio
15.29
Dividend Yield
2.69%
Price Target
$91.00

City MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.4% Upside
$91.00 Price Target
Short Interest
Bearish
6.06% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of City in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$436,856 Sold Last Quarter
Proj. Earnings Growth
10.69%
From $6.55 to $7.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Finance Sector

782nd out of 924 stocks

National Commercial Banks Industry

83rd out of 89 stocks

CHCO stock logo

About City (NASDAQ:CHCO) Stock

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.

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CHCO Stock News Headlines

City (NASDAQ:CHCO) Reaches New 52-Week High at $87.72
Summer in the City: The Evolving Cool of Dimes Square
Best Momentum Stocks to Buy for July 27th
DA Davidson Boosts City (NASDAQ:CHCO) Price Target to $91.00
See More Headlines
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CHCO Company Calendar

Ex-Dividend for 7/29 Dividend
7/14/2022
Last Earnings
7/21/2022
Dividend Payable
7/29/2022
Today
8/16/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CHCO
CUSIP
17783510
Employees
897
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$91.00
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$91.00
Forecasted Upside/Downside
+0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$88.08 million
Pretax Margin
47.92%

Debt

Sales & Book Value

Annual Sales
$235.11 million
Cash Flow
$6.86 per share
Book Value
$45.05 per share

Miscellaneous

Free Float
14,475,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
0.57














CHCO Stock - Frequently Asked Questions

Should I buy or sell City stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for City in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research 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.
View CHCO analyst ratings
or view top-rated stocks.

What is City's stock price forecast for 2022?

1 brokers have issued 1 year price objectives for City's shares. Their CHCO share price forecasts range from $91.00 to $91.00. On average, they predict the company's stock price to reach $91.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for CHCO
or view top-rated stocks among Wall Street analysts.

How have CHCO shares performed in 2022?

City's stock was trading at $81.79 at the beginning of 2022. Since then, CHCO shares have increased by 10.1% and is now trading at $90.01.
View the best growth stocks for 2022 here
.

When is City's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our CHCO earnings forecast
.

How were City's earnings last quarter?

City Holding (NASDAQ:CHCO) released its earnings results on Thursday, July, 21st. The bank reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.19. City had a net margin of 37.91% and a trailing twelve-month return on equity of 13.93%.

How often does City pay dividends? What is the dividend yield for City?

City declared a quarterly dividend on Wednesday, May 25th. Investors of record on Friday, July 15th will be paid a dividend of $0.60 per share on Friday, July 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for CHCO
.

Is City a good dividend stock?

City (NASDAQ:CHCO) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.69%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 40.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHCO will have a dividend payout ratio of 33.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHCO.

What other stocks do shareholders of City own?
What is City's stock symbol?

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

Who are City's major shareholders?

City's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.40%), Macquarie Group Ltd. (4.15%), JPMorgan Chase & Co. (2.04%), City Holding Co. (1.90%), Northern Trust Corp (1.92%) and ProShare Advisors LLC (0.72%). Insiders that own company stock include Charles R Hageboeck, Craig G Stilwell, David L Bumgarner, Diane W Strong-Treister, J Thomas Jones, Javier A Reyes, Jeffrey Dale Legge, Michael T Quinlan Jr, Michael T Quinlan, Jr, Robert D Fisher, Tracy W Hylton II and Tracy W Hylton II.
View institutional ownership trends
.

How do I buy shares of City?

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.
Compare Top Brokerages Here.

What is City's stock price today?

One share of CHCO stock can currently be purchased for approximately $90.01.

How much money does City make?

City (NASDAQ:CHCO) has a market capitalization of $1.34 billion and generates $235.11 million in revenue each year. The bank earns $88.08 million in net income (profit) each year or $5.93 on an earnings per share basis.

How many employees does City have?

The company employs 897 workers across the globe.

How can I contact City?

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.

This page (NASDAQ:CHCO) was last updated on 8/16/2022 by MarketBeat.com Staff

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