City Holding Company (CHCO) to Issue Quarterly Dividend of $0.87 on January 30th

City Holding Company (NASDAQ:CHCO) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Thursday, January 15th will be given a dividend of 0.87 per share by the bank on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, January 15th.

City has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 6 years. City has a dividend payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect City to earn $7.97 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 43.7%.

City Stock Performance

Shares of CHCO opened at $122.49 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.77 billion, a PE ratio of 14.06 and a beta of 0.52. City has a 12 month low of $102.22 and a 12 month high of $133.59. The stock has a fifty day moving average price of $122.09 and a 200-day moving average price of $123.48.

City (NASDAQ:CHCO) last announced its earnings results on Wednesday, October 22nd. The bank reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.26. The company had revenue of $61.29 million for the quarter, compared to analyst estimates of $80.17 million. City had a return on equity of 16.66% and a net margin of 32.33%. Equities research analysts predict that City will post 7.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHCO has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of City from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Piper Sandler began coverage on shares of City in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $125.00 price target for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of City in a report on Tuesday, December 23rd. Finally, Zacks Research lowered City from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, City presently has a consensus rating of “Hold” and an average price target of $133.25.

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.