City (NASDAQ:CHCO) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

City (NASDAQ:CHCO) announced its earnings results on Wednesday. The bank reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12, Zacks reports. City had a net margin of 32.72% and a return on equity of 16.58%. The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million.

City Stock Performance

NASDAQ CHCO opened at $139.17 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.96 billion, a P/E ratio of 15.33 and a beta of 0.49. City has a 12-month low of $113.21 and a 12-month high of $139.74. The firm has a 50-day moving average price of $129.31 and a two-hundred day moving average price of $125.05.

City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 15th. City’s dividend payout ratio (DPR) is currently 38.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHCO. Weiss Ratings upgraded shares of City from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, July 16th. Hovde Group boosted their price objective on City from $133.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, City presently has a consensus rating of “Hold” and a consensus target price of $134.00.

City announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 25th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at City

In related news, CEO Charles R. Hageboeck sold 5,855 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $125.30, for a total value of $733,631.50. Following the completion of the sale, the chief executive officer directly owned 50,341 shares in the company, valued at approximately $6,307,727.30. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael T. Quinlan, Jr. sold 1,210 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $126.09, for a total value of $152,568.90. Following the sale, the executive vice president directly owned 3,314 shares in the company, valued at $417,862.26. This represents a 26.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,975 shares of company stock valued at $1,622,853 over the last ninety days. Company insiders own 1.75% of the company’s stock.

Institutional Trading of City

Several large investors have recently modified their holdings of CHCO. Kestra Advisory Services LLC bought a new stake in City during the fourth quarter worth about $29,000. Quarry LP acquired a new position in shares of City in the 3rd quarter valued at approximately $32,000. Simplex Trading LLC acquired a new position in shares of City in the 4th quarter valued at approximately $36,000. Geneos Wealth Management Inc. lifted its holdings in shares of City by 113.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 373 shares of the bank’s stock worth $46,000 after acquiring an additional 198 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of City by 463.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 428 shares of the bank’s stock worth $52,000 after acquiring an additional 352 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

More City News

Here are the key news stories impacting City this week:

• Positive Sentiment: City Holding beat Q2 earnings estimates, reporting $2.35 EPS versus expectations around $2.22 to $2.23, which signals solid profitability. Article Title
• Positive Sentiment: Revenue also topped estimates at $81.52 million, versus analyst expectations of about $80.6 million, reinforcing that the quarter was better than anticipated. Article Title
• Neutral Sentiment: Coverage following the release largely framed the report as a “Q2 earnings snapshot” and a review of key metrics, suggesting the market is still parsing the details rather than reacting to a major surprise beyond the beat. Article Title
• Neutral Sentiment: Analysts still rate CHCO as a “Hold” on average, indicating expectations are balanced even after the earnings beat. Article Title

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.