City Holding Co. (NASDAQ:CHCO) announced a quarterly dividend on Thursday, September 29th. Investors of record on Friday, October 14th will be paid a dividend of 0.43 per share on Monday, October 31st. This represents a $1.72 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, October 12th.
Shares of City Holding (NASDAQ:CHCO) opened at 50.23 on Friday. City Holding has a 12 month low of $40.74 and a 12 month high of $51.33. The company’s 50 day moving average price is $49.89 and its 200 day moving average price is $48.10. The company has a market capitalization of $753.70 million, a P/E ratio of 15.80 and a beta of 1.01.
City Holding (NASDAQ:CHCO) last posted its earnings results on Tuesday, July 26th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. City Holding had a return on equity of 11.45% and a net margin of 26.25%. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts expect that City Holding will post $3.24 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of CHCO. Vanguard Group Inc. raised its stake in shares of City Holding by 5.4% in the second quarter. Vanguard Group Inc. now owns 1,272,559 shares of the company’s stock valued at $57,863,000 after buying an additional 65,070 shares during the period. BlackRock Advisors LLC raised its stake in City Holding by 5.8% in the second quarter. BlackRock Advisors LLC now owns 7,473 shares of the company’s stock worth $340,000 after buying an additional 409 shares during the period. BlackRock Investment Management LLC raised its stake in City Holding by 5.0% in the second quarter. BlackRock Investment Management LLC now owns 68,517 shares of the company’s stock worth $3,115,000 after buying an additional 3,275 shares during the period. BlackRock Inc. raised its stake in City Holding by 361.9% in the second quarter. BlackRock Inc. now owns 5,316 shares of the company’s stock worth $242,000 after buying an additional 4,165 shares during the period. Finally, BlackRock Fund Advisors raised its stake in City Holding by 1.8% in the second quarter. BlackRock Fund Advisors now owns 946,352 shares of the company’s stock worth $43,031,000 after buying an additional 16,430 shares during the period. 60.15% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised City Holding from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Tuesday, June 28th.
City Holding Company Profile
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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