City (NASDAQ:CHCO – Get Free Report) issued its earnings results on Thursday. The bank reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.10, Zacks reports. The company had revenue of $98.40 million during the quarter, compared to analyst estimates of $73.90 million. City had a return on equity of 17.42% and a net margin of 32.12%.
City Stock Performance
Shares of NASDAQ CHCO traded down $1.47 during trading on Friday, reaching $115.27. 38,475 shares of the company traded hands, compared to its average volume of 57,003. The firm’s fifty day simple moving average is $116.97 and its 200 day simple moving average is $110.68. The stock has a market cap of $1.70 billion, a P/E ratio of 14.50 and a beta of 0.47. City has a 12-month low of $89.95 and a 12-month high of $125.54. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22.
City Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Tuesday, October 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from City’s previous quarterly dividend of $0.72. City’s dividend payout ratio (DPR) is presently 39.75%.
Insider Buying and Selling at City
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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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