City Holding Co. (CHCO) To Go Ex-Dividend on October 12th
City Holding Co. (NASDAQ:CHCO) declared 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 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, October 12th.
City Holding (NASDAQ:CHCO) opened at 50.54 on Tuesday. The company’s 50-day moving average price is $49.95 and its 200-day moving average price is $48.18. City Holding has a one year low of $40.74 and a one year high of $51.33. The stock has a market cap of $758.35 million, a P/E ratio of 15.90 and a beta of 1.01.
City Holding (NASDAQ:CHCO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ 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 period last year, the firm posted $0.78 earnings per share. Analysts forecast that City Holding will post $3.24 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new position in shares of City Holding during the second quarter worth approximately $225,000. BlackRock Inc. increased its position in shares of 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 last quarter. Stevens Capital Management LP acquired a new position in shares of City Holding during the second quarter worth approximately $257,000. Thrivent Financial for Lutherans increased its position in shares of City Holding by 4.9% in the second quarter. Thrivent Financial for Lutherans now owns 7,260 shares of the company’s stock worth $330,000 after buying an additional 340 shares during the last quarter. Finally, BlackRock Advisors LLC increased its position in shares of 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 last quarter. 60.15% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of City Holding from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, June 28th.
About City Holding
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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