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.
Excellent balance sheet with solid track record and pays a dividend.
Share Price & News
How has City Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHCO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CHCO underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: CHCO underperformed the US Market which returned 18% over the past year.
Price Volatility Vs. Market
How volatile is City Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDiane Strong-Treister Just Bought Shares In City Holding Company (NASDAQ:CHCO)
3 weeks ago | Simply Wall StHere's What Analysts Are Forecasting For City Holding Company After Its Yearly Results
4 weeks ago | Simply Wall StHere's Why I Think City Holding (NASDAQ:CHCO) Is An Interesting Stock
Is City Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHCO ($78.01) is trading below our estimate of fair value ($115.95)
Significantly Below Fair Value: CHCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHCO is poor value based on its PE Ratio (14.4x) compared to the Banks industry average (12.6x).
PE vs Market: CHCO is good value based on its PE Ratio (14.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CHCO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CHCO is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.2x).
How is City Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHCO's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: CHCO's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: CHCO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CHCO's revenue (1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CHCO's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHCO's Return on Equity is forecast to be low in 3 years time (13.6%).
How has City Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHCO has high quality earnings.
Growing Profit Margin: CHCO's current net profit margins (38.3%) are higher than last year (34.5%).
Past Earnings Growth Analysis
Earnings Trend: CHCO's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: CHCO's earnings growth over the past year (27.7%) exceeds its 5-year average (9.6% per year).
Earnings vs Industry: CHCO earnings growth over the past year (27.7%) exceeded the Banks industry 12.1%.
Return on Equity
High ROE: CHCO's Return on Equity (13.6%) is considered low.
Return on Assets
Return on Capital Employed
How is City Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CHCO has a low level of unsold assets or inventory.
Debt Coverage by Assets: CHCO's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: CHCO's level of assets compared to its equity is low.
Allowance for Bad Loans: CHCO has a low allowance for bad loans.
Low Risk Liabilities: CHCO's liabilities are made up of primarily low risk sources of funding.
Loan Level: CHCO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CHCO's loans are broadly funded by customer deposits.
Level of Bad Loans: CHCO has an appropriate level of bad loans (0.33%)
What is City Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CHCO's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CHCO's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: CHCO's dividends per share have been stable in the past 10 years.
Growing Dividend: CHCO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.5%), CHCO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHCO's dividends in 3 years are forecast to be well covered by earnings (47% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Skip Hageboeck (57yo)
Mr. Charles R. Hageboeck, also known as Skip, Ph.D has served as a Director of City Holding Company since 2005. He has been Chief Executive Officer and President of City Holding Company and City National B ...
CEO Compensation Analysis
Compensation vs Market: Skip's total compensation ($USD1.33M) is below average for companies of similar size in the US market ($USD3.80M).
Compensation vs Earnings: Skip's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||15yrs||US$414.97k||0.080% $1.0m|
|Executive VP||15yrs||US$396.96k||0.082% $1.0m|
|Executive VP of Retail Banking||15yrs||US$786.16k||0.11% $1.3m|
|Executive VP of Commercial Banking||15.7yrs||US$580.53k||0.11% $1.5m|
|Senior VP & Corporate Secretary||0yrs||no data||no data|
|Senior Vice President of Branch Banking||18.6yrs||US$279.13k||no data|
Experienced Management: CHCO's management team is seasoned and experienced (15 years average tenure).
|Independent Director||26.1yrs||US$70.25k||0.21% $2.6m|
|Independent Director||32.1yrs||US$70.75k||0.16% $2.0m|
|Independent Director||21.2yrs||US$102.29k||0.36% $4.6m|
|Chairman of the Board||4.1yrs||US$89.00k||0.14% $1.8m|
|Independent Director||7.1yrs||US$69.50k||0.057% $731.0k|
|Independent Director||19.1yrs||US$70.25k||0.071% $908.8k|
|Independent Director||19.1yrs||US$115.31k||0.16% $2.0m|
|Independent Director||19.1yrs||US$79.50k||0.11% $1.4m|
|Independent Director||13.1yrs||US$72.00k||0.059% $757.5k|
Experienced Board: CHCO's board of directors are seasoned and experienced ( 19.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CHCO insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.
City Holding Company's company bio, employee growth, exchange listings and data sources
- Name: City Holding Company
- Ticker: CHCO
- Exchange: NasdaqGS
- Founded: 1957
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.274b
- Shares outstanding: 16.30m
- Website: https://www.bankatcity.com
Number of Employees
- City Holding Company
- 25 Gatewater Road
- West Virginia
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CHCO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1987|
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 accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of a residence; first-priority home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, and debit card services. As of February 27, 2019, the company operated through a network of 97 branches in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 00:30|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.