Wall Street brokerages expect City Holding (NASDAQ:CHCO) to post earnings of $1.31 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for City’s earnings. The highest EPS estimate is $1.32 and the lowest is $1.30. City reported earnings per share of $1.35 during the same quarter last year, which would indicate a negative year over year growth rate of 3%. The firm is scheduled to report its next earnings report on Thursday, July 18th.

On average, analysts expect that City will report full-year earnings of $5.29 per share for the current fiscal year, with EPS estimates ranging from $5.25 to $5.33. For the next financial year, analysts forecast that the business will report earnings of $5.44 per share, with EPS estimates ranging from $5.40 to $5.47. Zacks’ EPS calculations are an average based on a survey of analysts that cover City.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, April 17th. The bank reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.08. The firm had revenue of $55.99 million during the quarter, compared to analysts’ expectations of $55.33 million. City had a return on equity of 15.10% and a net margin of 31.16%.

A number of equities research analysts recently issued reports on CHCO shares. BidaskClub raised City from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research lowered City from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Hovde Group began coverage on City in a research report on Monday, June 3rd. They issued a “market perform” rating and a $76.00 price target for the company. Finally, Boenning Scattergood reissued a “hold” rating on shares of City in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.67.

Shares of City stock traded down $0.20 on Friday, reaching $74.77. The company had a trading volume of 44,858 shares, compared to its average volume of 46,335. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.77 and a beta of 0.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. City has a 1 year low of $65.32 and a 1 year high of $83.27.

In other news, CEO Charles R. Hageboeck sold 8,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $80.27, for a total value of $642,160.00. Following the completion of the transaction, the chief executive officer now directly owns 62,157 shares of the company’s stock, valued at approximately $4,989,342.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Craig G. Stilwell sold 645 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $79.25, for a total value of $51,116.25. Following the completion of the transaction, the executive vice president now directly owns 21,661 shares of the company’s stock, valued at $1,716,634.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,173 shares of company stock valued at $1,131,079. Corporate insiders own 3.36% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CHCO. Morgan Stanley grew its stake in City by 69.1% during the 3rd quarter. Morgan Stanley now owns 77,909 shares of the bank’s stock worth $5,983,000 after buying an additional 31,843 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in City during the 4th quarter valued at about $57,000. Arizona State Retirement System grew its stake in City by 14.3% during the 4th quarter. Arizona State Retirement System now owns 25,619 shares of the bank’s stock valued at $1,732,000 after purchasing an additional 3,198 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in City by 11.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 6,851 shares of the bank’s stock valued at $463,000 after purchasing an additional 700 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in City by 10.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,073 shares of the bank’s stock valued at $208,000 after purchasing an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

About City

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.

Further Reading: Asset Allocation and Your Retirement

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Earnings History and Estimates for City (NASDAQ:CHCO)

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