NASDAQ:CHCOCity Stock Price, Forecast & News

$67.09

+4.59 (+7.34 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$63.70

Now: $67.09▼

$67.47

50-Day Range

$55.18

MA: $63.08▼

$70.30

52-Week Range

$53.06

Now: $67.09▼

$83.07

Volume70,506 shs

Average Volume73,248 shs

Market Capitalization$1.08 billion

P/E Ratio11.37

Dividend Yield3.65%

Beta0.62

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 accepts various deposit products, such as 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 a residence; first-lien 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, 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, and debit card services. As of January 31, 2018, the company operated through a network of 86 branches in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
City has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.50, City has a potential upside of 9.6% from its current price of $67.09.
Amount of Analyst Coverage
City has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
City has received 241 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
City has received 431 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
City has received 64.14% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about City and other stocks. Vote “Outperform” if you believe CHCO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CHCO will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
City is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
City has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of City is 41.76 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, City will have a dividend payout ratio of 54.16 % next year. This indicates that City will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, City insiders have bought more of their company's stock than they have sold. Specifically, they have bought $109,437.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.42% of the stock of City is held by insiders.
Percentage Held by Institutions
67.58% of the stock of City is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for City are expected to decrease by -6.24% in the coming year, from $4.49 to $4.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of City is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of City is 11.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.50.
Price to Book Value per Share Ratio
City has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.44 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CHCO

Previous Symbol

CUSIP17783510

CIK726854

Webwww.bankatcity.com

Phone304-769-1100

Debt

Debt-to-Equity Ratio0.01

Current Ratio0.87

Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio11.37

Forward P/E Ratio14.94

P/E GrowthN/A

Sales & Book Value

Annual Sales$266.19 million

Price / Sales4.07

Cash Flow$6.58 per share

Price / Cash Flow10.19

Book Value$42.43 per share

Price / Book1.58

Profitability

EPS (Most Recent Fiscal Year)$5.46

Net Income$89.35 million

Net Margins33.89%

Return on Equity14.58%

Return on Assets1.92%

Miscellaneous

EmployeesN/A

Outstanding Shares16,149,000

Market Cap$1.08 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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City (NASDAQ:CHCO) Frequently Asked Questions

How has City's stock been impacted by COVID-19 (Coronavirus)?

City's stock was trading at $62.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CHCO shares have increased by 7.3% and is now trading at $67.09. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of City?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for City in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for City.

When is City's next earnings date?

City is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for City.

How were City's earnings last quarter?

City Holding (NASDAQ:CHCO) issued its earnings results on Tuesday, April, 28th. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.11 by $0.20. The bank earned $73.76 million during the quarter, compared to analysts' expectations of $72.19 million. City had a net margin of 33.89% and a return on equity of 14.58%. View City's earnings history.

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

City announced a quarterly dividend on Monday, March 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.57 per share on Thursday, April 30th. This represents a $2.28 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, April 14th. View City's dividend history.

What price target have analysts set for CHCO?

4 Wall Street analysts have issued 12 month target prices for City's stock. Their forecasts range from $61.00 to $83.50. On average, they anticipate City's stock price to reach $73.50 in the next year. This suggests a possible upside of 9.6% from the stock's current price. View analysts' price targets for City.

Has City been receiving favorable news coverage?

Media headlines about CHCO stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. City earned a news impact score of 1.8 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutCity.

Are investors shorting City?

City saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 666,400 shares, a decline of 11.5% from the April 30th total of 753,000 shares. Based on an average daily volume of 78,700 shares, the short-interest ratio is currently 8.5 days. Currently, 4.3% of the company's stock are sold short. View City's Current Options Chain.

Who are some of City's key competitors?

Some companies that are related to City include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of City own?

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

Who are City's key executives?

City's management team includes the following people:

Mr. Charles R. Hageboeck, Pres, CEO & Director (Age 57)
Mr. David L. Bumgarner, Sr. VP & CFO (Age 54)
Mr. Jeffrey Dale Legge, Sr. VP, Chief Admin. Officer & Chief Information Officer (Age 55)
Mr. Craig G. Stilwell, Exec. VP of Retail Banking (Age 63)
Mr. John A. DeRito, Exec. VP of Commercial Banking (Age 69)

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 investors include BlackRock Inc. (14.46%), State Street Corp (3.60%), JPMorgan Chase & Co. (2.11%), Invesco Ltd. (1.79%), City Holding Co. (1.77%) and Geode Capital Management LLC (1.51%). Company insiders that own City stock include Charles R Hageboeck, Craig G Stilwell, David L Bumgarner, Diane W Strong-Treister, J Thomas Jones, Jeffrey Dale Legge, John A Derito, Robert D Fisher and Tracy W Hylton II. View institutional ownership trends for City.

Which institutional investors are selling City stock?

CHCO stock was sold by a variety of institutional investors in the last quarter, including City Holding Co., Morgan Stanley, Morgan Stanley, The Manufacturers Life Insurance Company , Citigroup Inc., UBS Group AG, Arizona State Retirement System, and Invesco Ltd.. Company insiders that have sold City company stock in the last year include Charles R Hageboeck, Craig G Stilwell, David L Bumgarner, and J Thomas Jones. View insider buying and selling activity for City.

Which institutional investors are buying City stock?

CHCO stock was purchased by a variety of institutional investors in the last quarter, including Buckingham Asset Management LLC, Schroder Investment Management Group, JPMorgan Chase & Co., BlackRock Inc., Eaton Vance Management, State Street Corp, Carolina Wealth Advisors LLC, and Geode Capital Management LLC. Company insiders that have bought City stock in the last two years include Diane W Strong-Treister, Robert D Fisher, and Tracy W Hylton II. View insider buying and selling activity for City.

How do I buy shares of City?

Shares of CHCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is City's stock price today?

One share of CHCO stock can currently be purchased for approximately $67.09.

How big of a company is City?

City has a market capitalization of $1.08 billion and generates $266.19 million in revenue each year. The bank earns $89.35 million in net income (profit) each year or $5.46 on an earnings per share basis.

What is City's official website?

The official website for City is www.bankatcity.com.

How can I contact City?

City's mailing address is 25 GATEWATER ROAD, CHARLESTON WV, 25313. The bank can be reached via phone at 304-769-1100 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff