City - CHCO Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for City in the last year. There are currently 2 hold ratings 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.

2 brokers have issued 12 month price targets for City's stock. Their CHCO share price forecasts range from $91.00 to $91.00. On average, they expect the company's stock price to reach $91.00 in the next year. This suggests that the stock has a possible downside of 6.1%.
View analysts price targets for CHCO or view top-rated stocks among Wall Street analysts.

City's stock was trading at $81.79 at the beginning of 2022. Since then, CHCO stock has increased by 18.5% and is now trading at $96.90.
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City saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,030,000 shares, an increase of 7.7% from the October 31st total of 956,000 shares. Based on an average daily trading volume, of 71,500 shares, the days-to-cover ratio is currently 14.4 days. Approximately 7.2% of the company's shares are sold short.
View City's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our CHCO earnings forecast.

City Holding (NASDAQ:CHCO) announced its earnings results on Tuesday, October, 18th. The bank reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.13. The bank had revenue of $67.35 million for the quarter, compared to analyst estimates of $63.70 million. City had a net margin of 38.33% and a trailing twelve-month return on equity of 15.41%.

City declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Friday, January 13th will be given a dividend of $0.65 per share on Tuesday, January 31st. This represents a $2.60 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for CHCO.

City (NASDAQ:CHCO) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.66%. 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 41.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHCO will have a dividend payout ratio of 36.11% 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.77%), Vanguard Group Inc. (11.40%), Macquarie Group Ltd. (4.21%), State Street Corp (4.15%), Dimensional Fund Advisors LP (3.44%) and City Holding Co. (1.90%). 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, John A Derito, Michael T Quinlan Jr, Michael T Quinlan, Jr, Robert D Fisher, Tracy W Hylton II and Tracy W Hylton II.
View institutional ownership trends.

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 $96.90.

City (NASDAQ:CHCO) has a market capitalization of $1.44 billion and generates $235.11 million in revenue each year. The bank earns $88.08 million in net income (profit) each year or $6.29 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.