City Holding Stock (NASDAQ:CHCO), Trade Ideas

City Holding

City Holding Co is a financial holding company. It provides banking, trust and investment management, and other financial solutions through its network of banking offices located in the states of West Virginia, Virginia, southeastern Ohio, and Kentucky. It offers various products and services such as overdraft facilities, saving accounts, credit card and debit cards, loans for various purposes, investment advisory, securities brokerage, insurance, technology products, and others. These products and services are provided to commercial banking, consumer banking, mortgage banking, wealth management, and trust services.

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City Holding Co

Stephens &amp; Co. analyst Russell Gunther maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Equal-Weight and lowers the price target from $100 to $99.

Price Target

Analyst Ratings

Stephens & Co. Maintains Equal-Weight on City Holding, Lowers Price Target to $99

Keefe, Bruyette &amp; Woods analyst Catherine Mealor reiterates City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Market Perform and raises the price target from $100 to $110.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on City Holding, Raises Price Target to $110

Piper Sandler analyst Casey Orr Whitman maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Neutral and raises the price target from $103 to $105.

Piper Sandler Maintains Neutral on City Holding, Raises Price Target to $105-Report Released on 31 January 2024

Stephens &amp; Co. analyst Russell Gunther maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Equal-Weight and raises the price target from $98 to $100.

Stephens & Co. Maintains Equal-Weight on City Holding, Raises Price Target to $100

Piper Sandler analyst Casey Orr Whitman maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Neutral and raises the price target from $96 to $97.

Piper Sandler Maintains Neutral on City Holding, Raises Price Target to $97

Dividends

City Holding Raises Dividend From $0.65 To $0.715

Piper Sandler analyst Casey Orr Whitman maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Neutral and raises the price target from $93 to $103.

Piper Sandler Maintains Neutral on City Holding, Raises Price Target to $103

Keefe, Bruyette &amp; Woods maintains City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Market Perform and raises the price target from $95 to $100.

Keefe, Bruyette & Woods Maintains Market Perform on City Holding, Raises Price Target to $100

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported quarterly earnings of $2.16 per share which beat the analyst consensus estimate of $1.89 by 14.29 percent. This is a 43.05 percent increase over earnings of $1.51 per share from the same period last year. The company reported quarterly sales of $75.80 million which beat the analyst consensus estimate of $72.66 million by 4.32 percent. This is a 28.17 percent increase over sales of $59.14 million the same period last year.

Earnings Beats

City Holding Q2 EPS $2.16 Beats $1.89 Estimate, Sales $75.80M Beat $72.66M Estimate

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported quarterly earnings of $2.16 per share which beat the analyst consensus estimate of $1.89 by 14.29 percent. This is a 43.05 percent increase over earnings of $1.51 per share from the same period last year.

City Holding Q2 EPS $2.16 Beats $1.89 Estimate

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported quarterly earnings of $1.63 per share which missed the analyst consensus estimate of $1.87 by 12.83 percent. This is a 15.6 percent increase over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $72.14 million which beat the analyst consensus estimate of $70.49 million by 2.34 percent. This is a 30.30 percent increase over sales of $55.36 million the same period last year.

City Holding Q1 EPS $1.63 Misses $1.87 Estimate, Total Revenue $72.14M Beat $70.49M Estimate

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Stephens &amp; Co. analyst Russell Gunther initiates coverage on City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) with a Equal-Weight rating and announces Price Target of $89.

Stephens & Co. Initiates Coverage On City Holding with Equal-Weight Rating, Announces Price Target of $89

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported quarterly earnings of $2.05 per share which beat the analyst consensus estimate of $1.87 by 9.63 percent. This is a 33.12 percent increase over earnings of $1.54 per share from the same period last year.

City Holding Q4 EPS $2.05 Beats $1.87 Estimate

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported its Q3 earnings results on Tuesday, October 18, 2022 at 04:00 PM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
City Holding beat estimated earnings by 10.91%, reporting an EPS of $1.83 versus an estimate of $1.65.
Revenue was up $9.59 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.19 which was followed by a 0.75% increase in the share price the next day.
Here&#39;s a look at City Holding&#39;s past performance:
&nbsp;
<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.32</td>
<td>1.25</td>
<td>1.33</td>
<td>1.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.51</td>
<td>1.41</td>
<td>1.54</td>
<td>1.47</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>57.08M</td>
<td>55.14M</td>
<td>56.56M</td>
<td>55.47M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>59.14M</td>
<td>55.36M</td>
<td>58.25M</td>
<td>57.44M</td>
</tr>
</tbody>
</table>
To track all earnings releases for City Holding <a href="https://www.benzinga.com/quote/CHCO/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Recap: City Holding Q3 Earnings

City Holding Company (&quot;City&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>), the parent company of City National Bank of West Virginia, announced today the signing of a definitive merger agreement in which City will acquire Citizens Commerce Bancshares, Inc., (&quot;Citizens&quot;) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCVS#OTC">CCVS</a>), the parent company of Citizens Commerce Bank, Inc., Versailles, Kentucky. Upon completion of the merger, the subsidiary bank of Citizens will merge with and into City National Bank of West Virginia.
This press release features multimedia. View the full release here:&nbsp;<a href="https://www.businesswire.com/news/home/20221018006085/en/">https://www.businesswire.com/news/home/20221018006085/en/</a>
Based upon financial data as of September 30, 2022, the combined company will have&nbsp;$6.2 billion&nbsp;in assets, deposits of&nbsp;$5.3 billion, and gross loans of&nbsp;$3.9 billion, strengthening City&#39;s presence in the Lexington, Kentucky MSA. &quot;Our leadership recognized this strategic partnership to enhance our market presence in the Lexington, Kentucky area and we are excited to be adding the Citizens franchise to our Lexington footprint,&quot; remarked Charles R. (Skip) Hageboeck, President &amp; Chief Executive Officer of City. The merger is expected to close in the&nbsp;first quarter&nbsp;of 2023, pending customary closing conditions, including receipt of required regulatory approvals and the approval by the shareholders of Citizens.
Subject to the terms of the merger agreement, Citizens shareholders will receive 0.1666 shares of City common stock for each outstanding share of Citizens common stock. Based on City&#39;s 5-day average closing price of&nbsp;$92.60&nbsp;as of October 17, 2022, this equates to a per share value of&nbsp;$15.43&nbsp;and an aggregate deal value of&nbsp;$61.0 million. Michelle Oxley, President &amp; Chief Executive Officer stated, &quot;Partnering with City is the next, best step that we could take for our company, shareholders and customers. This partnership will provide our customers with additional resources while retaining the community banking culture that sets us apart. I am confident that this will be a seamless transition for our employees and customers while providing long-term value for our shareholders. City is a great franchise, and I look forward to the future ahead for our combined company.&quot;
The merger agreement has been unanimously approved by the City board of directors and by the Citizens board of directors.
Piper Sandler &amp; Co. served as financial advisor and Dinsmore &amp; Shohl LLP served as legal counsel to City in this transactions. Forvis Capital Advisors, LLC served as financial advisor and Wyatt, Tarrant &amp; Combs, LLP served as legal counsel to Citizens. Hovde Group LLC issued a fairness opinion to the board of Citizens.

CCVS

City Holding Company Announces Acquisition Strengthening Kentucky Presence;  Citizens Shareholders Will Receive $0.167 Shares Of City Common Stock For Each Outstanding Share Of Citizens Common Stock, Aggregate Value Of $61M

City Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCO#NASDAQ">CHCO</a>) reported quarterly earnings of $1.83 per share. This is a 24.49 percent increase over earnings of $1.47 per share from the same period last year.

City Holding Q3 EPS $1.83 Up From $1.47 YoY

City Holding Company Increases Quarterly Dividend From $0.60 To $0.65/Share

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