City (NASDAQ:CHCO) posted its quarterly earnings data on Wednesday. The bank reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.08, MarketWatch Earnings reports. The company had revenue of $55.99 million during the quarter, compared to analysts’ expectations of $55.33 million. City had a net margin of 31.15% and a return on equity of 15.26%.
Shares of NASDAQ CHCO opened at $82.56 on Thursday. The stock has a market capitalization of $1.28 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.07. City has a 52 week low of $65.32 and a 52 week high of $83.27.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, April 12th. City’s dividend payout ratio (DPR) is 41.09%.
A number of brokerages have recently commented on CHCO. BidaskClub upgraded shares of City from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut shares of City from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of City in a research report on Thursday, January 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.00.
City Company Profile
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.
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