City (NASDAQ:CHCO – Get Free Report) announced its quarterly earnings data on Thursday. The bank reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.10, Zacks reports. City had a return on equity of 17.42% and a net margin of 32.12%. The business had revenue of $98.40 million for the quarter, compared to analysts’ expectations of $73.90 million.
City Stock Down 1.3 %
Shares of CHCO stock traded down $1.47 during trading hours on Friday, reaching $115.27. 38,475 shares of the stock were exchanged, compared to its average volume of 57,003. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.80. City has a 12-month low of $89.95 and a 12-month high of $125.54. The firm has a market capitalization of $1.70 billion, a P/E ratio of 14.50 and a beta of 0.47. The business’s fifty day moving average is $116.97 and its two-hundred day moving average is $110.68.
City Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, October 15th. This is a boost 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
City Company Profile
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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