City Holding Company (CHCO) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.74. The company posted revenue of $42.40 million in the period, compared to analysts expectations of $41.93 million. During the same quarter in the previous year, the company posted $1.17 EPS.
Many Wall Street Analysts have commented on City Holding Company. Sandler O’Neill Resumed City Holding Company on Feb 10, 2016 to “Hold”, Price Target of the shares are set at $46.
City Holding Company opened for trading at $48.81 and hit $49.21 on the upside on Friday, eventually ending the session at $48.85, with a gain of 0.41% or 0.2 points. The heightened volatility saw the trading volume jump to 38,885 shares. Company has a market cap of $732 M.
In a different news, on Feb 12, 2016, John R Elliot (director) purchased 3,245 shares at $41.96 per share price. According to the SEC, on Feb 12, 2016, Robert D Fisher (director) purchased 1,755 shares at $41.96 per share price. On Nov 30, 2015, Sharon Horton Rowe (director) sold 400 shares at $49.82 per share price, according to the Form-4 filing with the securities and exchange commission.
City Holding Company is a financial holding company. The Company conducts its principal activities through its wholly owned subsidiary City National Bank of West Virginia (City National). City National provides banking trust and investment management and other financial solutions through its network of around 82 banking offices located in the states of West Virginia Virginia eastern Kentucky and southeastern Ohio. City National offers various products and services including commercial banking consumer banking mortgage banking and wealth management and trust services. City National provides credit deposit and investment advisory products and services to rural and small community markets in addition to cities including Charleston Huntington Winchester Staunton Virginia Beach Ashland and Martinsburg.