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City Holding

Nasdaq:CHCO
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHCO
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 13 days ago. More info.


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CHCO Share Price and Events
7 Day Returns
-2.1%
NasdaqGS:CHCO
-5.7%
US Banks
-3.9%
US Market
1 Year Returns
4.5%
NasdaqGS:CHCO
-10.9%
US Banks
1.4%
US Market
CHCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
City Holding (CHCO) -2.1% -1.5% -0.5% 4.5% 65.1% 82.7%
US Banks -5.7% -3.1% -1% -10.9% 44.6% 47.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • CHCO outperformed the Banks industry which returned -10.9% over the past year.
  • CHCO outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
CHCO
Industry
5yr Volatility vs Market

CHCO Value

 Is City Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of City Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for City Holding.

NasdaqGS:CHCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $40.88 * 11.5%
$4.69
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $40.88
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CHCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.632 (1 + (1- 21%) (16.58%))
0.809
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.809 * 5.96%)
7.55%

Discounted Cash Flow Calculation for NasdaqGS:CHCO using Excess Returns Model Model

The calculations below outline how an intrinsic value for City Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CHCO Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 7.55%) * $40.88)
$1.60
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.60 / (7.55% - 2.73%)
$33.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $40.88 + $33.15
$74.03
NasdaqGS:CHCO Discount to Share Price
Calculation Result
Value per share (USD) From above. $74.03
Current discount Discount to share price of $77.65
= -1 x ($77.65 - $74.03) / $74.03
-4.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of City Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for City Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are City Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CHCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.68
NasdaqGS:CHCO Share Price ** NasdaqGS (2019-05-15) in USD $77.65
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.8x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of City Holding.

NasdaqGS:CHCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CHCO Share Price ÷ EPS (both in USD)

= 77.65 ÷ 4.68

16.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • City Holding is overvalued based on earnings compared to the US Banks industry average.
  • City Holding is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does City Holding's expected growth come at a high price?
Raw Data
NasdaqGS:CHCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.42x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:CHCO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.59x ÷ 6%

2.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • City Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on City Holding's assets?
Raw Data
NasdaqGS:CHCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $37.57
NasdaqGS:CHCO Share Price * NasdaqGS (2019-05-15) in USD $77.65
United States of America Banks Industry PB Ratio Median Figure of 597 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CHCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CHCO Share Price ÷ Book Value per Share (both in USD)

= 77.65 ÷ 37.57

2.07x

* Primary Listing of City Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • City Holding is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess City Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. City Holding has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CHCO Future Performance

 How is City Holding expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is City Holding expected to grow at an attractive rate?
  • City Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • City Holding's earnings growth is positive but not above the United States of America market average.
  • City Holding's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CHCO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CHCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6%
NasdaqGS:CHCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CHCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CHCO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 237 88 4
2019-12-31 230 87 4
NasdaqGS:CHCO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 211 81 73
2018-12-31 201 73 69
2018-09-30 197 79 68
2018-06-30 191 73 62
2018-03-31 185 70 55
2017-12-31 187 78 54
2017-09-30 183 72 59
2017-06-30 182 68 58
2017-03-31 180 71 56
2016-12-31 173 65 52
2016-09-30 170 51 50
2016-06-30 165 75 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • City Holding's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
  • City Holding's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CHCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from City Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CHCO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 5.43 5.47 5.40 5.00
2019-12-31 5.31 5.36 5.24 4.00
NasdaqGS:CHCO Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.68
2018-12-31 4.50
2018-09-30 4.43
2018-06-30 3.99
2018-03-31 3.58
2017-12-31 3.49
2017-09-30 3.84
2017-06-30 3.83
2017-03-31 3.72
2016-12-31 3.46
2016-09-30 3.37
2016-06-30 3.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if City Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess City Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
City Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CHCO Past Performance

  How has City Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare City Holding's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • City Holding's year on year earnings growth rate has been positive over the past 5 years.
  • City Holding's 1-year earnings growth exceeds its 5-year average (32.7% vs 5.3%)
  • City Holding's earnings growth has not exceeded the US Banks industry average in the past year (32.7% vs 40.8%).
Earnings and Revenue History
City Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from City Holding Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CHCO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 210.97 73.36 84.67
2018-12-31 201.08 69.35 81.48
2018-09-30 197.08 68.24 79.73
2018-06-30 190.98 61.53 79.32
2018-03-31 185.41 55.29 78.95
2017-12-31 186.73 53.72 78.74
2017-09-30 182.64 58.63 78.74
2017-06-30 182.49 57.93 78.79
2017-03-31 179.94 55.78 78.35
2016-12-31 173.38 51.51 77.96
2016-09-30 170.35 50.39 76.39
2016-06-30 164.97 47.80 75.21
2016-03-31 163.20 47.27 74.43
2015-12-31 164.38 53.48 73.43
2015-09-30 166.03 54.50 75.91
2015-06-30 168.53 55.75 76.88
2015-03-31 170.73 56.52 77.98
2014-12-31 172.27 52.40 78.64
2014-09-30 173.75 51.16 79.94
2014-06-30 177.24 53.26 79.74
2014-03-31 177.22 53.52 79.27
2013-12-31 176.40 47.78 78.96
2013-09-30 169.41 45.46 75.71
2013-06-30 161.70 42.14 73.21
2013-03-31 154.11 36.61 69.77
2012-12-31 146.64 38.64 66.04
2012-09-30 141.75 37.41 64.16
2012-06-30 140.87 38.38 62.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • City Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • City Holding used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if City Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess City Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
City Holding has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CHCO Health

 How is City Holding's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of City Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from City Holding Company Filings, last reported 1 month ago.

NasdaqGS:CHCO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 619.24 212.22 157.43
2018-12-31 600.76 282.87 99.49
2018-09-30 512.03 433.45 333.10
2018-06-30 503.75 419.44 290.77
2018-03-31 491.88 233.36 145.53
2017-12-31 502.51 283.10 59.21
2017-09-30 500.32 312.42 97.64
2017-06-30 492.51 255.61 97.18
2017-03-31 481.65 218.69 206.38
2016-12-31 442.44 280.28 70.30
2016-09-30 434.78 223.80 92.27
2016-06-30 428.36 200.13 107.99
2016-03-31 418.12 195.96 197.50
2015-12-31 419.27 182.30 80.92
2015-09-30 418.77 177.90 132.81
2015-06-30 411.24 176.28 160.03
2015-03-31 405.08 161.02 257.04
2014-12-31 390.85 161.70 158.48
2014-09-30 391.67 170.67 99.56
2014-06-30 397.23 158.02 119.12
2014-03-31 393.75 144.00 160.82
2013-12-31 387.62 157.83 89.41
2013-09-30 378.04 173.25 185.43
2013-06-30 368.89 146.60 198.09
2013-03-31 365.85 145.01 245.83
2012-12-31 333.27 145.15 99.01
2012-09-30 328.42 163.06 127.49
2012-06-30 320.62 153.64 148.11
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • City Holding has an acceptable proportion of non-loan assets held.
  • City Holding's liabilities are made up of primarily low risk sources of funding.
  • Loans at City Holding are broadly funded by customer deposits.
  • City Holding's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • City Holding has a sufficient allowance for bad loans.
  • City Holding has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess City Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. City Holding has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CHCO Dividends

 What is City Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.73%
Current annual income from City Holding dividends. Estimated to be 2.92% next year.
If you bought $2,000 of City Holding shares you are expected to receive $55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • City Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • City Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CHCO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CHCO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 2.34 4.00
2019-12-31 2.20 4.00
NasdaqGS:CHCO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-27 2.120 2.702
2018-12-19 2.120 2.895
2018-09-26 2.120 2.857
2018-06-28 1.840 2.318
2018-04-02 1.840 2.491
2017-12-13 1.840 2.670
2017-11-03 1.760 2.573
2017-10-18 1.760 2.476
2017-08-04 1.760 2.663
2017-07-24 1.760 2.666
2017-03-30 1.760 2.666
2016-12-16 1.720 2.618
2016-09-28 1.720 3.099
2016-06-30 1.720 3.568
2016-03-31 1.720 3.596
2015-12-30 1.680 3.789
2015-10-02 1.680 3.499
2015-06-26 1.680 3.458
2015-03-26 1.680 3.575
2015-02-27 1.600 3.441
2015-01-26 1.600 3.545
2014-10-23 1.600 3.601
2014-07-22 1.600 3.769
2014-03-27 1.600 3.646
2014-03-07 1.480 3.259
2014-01-28 1.480 3.370
2013-10-23 1.480 3.186
2013-08-06 1.480 3.421
2013-07-23 1.480 3.305
2013-03-28 1.480 3.745
2013-03-20 1.400 3.528
2013-03-15 1.400 3.555
2013-01-29 1.400 3.659
2012-10-24 1.400 4.046
2012-07-27 1.400 4.054
2012-05-10 1.400 4.257
2012-04-24 1.400 4.162
2011-12-15 1.400 4.020
2011-09-29 1.360 4.374
2011-06-30 1.360 4.503
2011-04-26 1.360 4.223
2011-01-24 1.360 3.910
2010-11-08 1.360 3.902
2010-10-25 1.360 4.192
2010-08-06 1.360 4.541
2010-07-22 1.360 4.571
2010-04-26 1.360 4.352
2010-03-31 1.360 3.831
2010-01-21 1.360 4.197
2009-10-23 1.360 4.303
2009-07-27 1.360 4.377

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of City Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess City Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can City Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. City Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CHCO Management

 What is the CEO of City Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Skip Hageboeck
COMPENSATION $1,327,625
AGE 56
TENURE AS CEO 14.3 years
CEO Bio

Dr. Charles R. Hageboeck, also known as Skip, Ph.D has served as a Director of City Holding Company ("City") since 2005. He has been Chief Executive Officer and President of City Holding Company and City National Bank, Charleston, WV since February 1, 2005. He has spent most of his career in banking. He served as Executive Vice President and Chief Financial Officer of City Holding Company and City National Bank, Charleston, WV from June 2001 to January 2005. Dr. Hageboeck was formerly with Indiana National Bank, NBD Bank, N.A., and Peoples Bank of Indianapolis. Dr. Hageboeck was the Chairman of the West Virginia Banker’s Association and serves on the Boards of the West Virginia Chamber of Commerce, the West Virginia Bankers Association and Thomas Health Systems. In 2012, Dr. Hageboeck was recognized as a recipient of the State Journal’s prestigious “Who’s Who in West Virginia Business” award. Dr. Hageboeck is the only Management Director on the Board. Dr. Hageboeck received a Ph.D. in Economics from Indiana University in 1991.

CEO Compensation
  • Skip's compensation has been consistent with company performance over the past year.
  • Skip's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the City Holding management team in years:

14.3
Average Tenure
56
Average Age
  • The average tenure for the City Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Skip Hageboeck

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
14.3 yrs

Dave Bumgarner

TITLE
Senior VP & CFO
COMPENSATION
$415K
AGE
53
TENURE
14.3 yrs

Jeff Legge

TITLE
Senior VP
COMPENSATION
$397K
AGE
54
TENURE
14.3 yrs

Craig Stilwell

TITLE
Executive VP of Retail Banking
COMPENSATION
$786K
AGE
62
TENURE
14.3 yrs

John DeRito

TITLE
Executive VP of Commercial Banking
COMPENSATION
$581K
AGE
68
TENURE
14.9 yrs

Vikki Evans-Faw

TITLE
Senior VP & Corporate Secretary
Board of Directors Tenure

Average tenure and age of the City Holding board of directors in years:

18.3
Average Tenure
68
Average Age
  • The average tenure for the City Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

C. Kayser

TITLE
Chairman of the Board
COMPENSATION
$89K
AGE
66
TENURE
3.3 yrs

Skip Hageboeck

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
14.3 yrs

Jay Goldman

TITLE
Director
COMPENSATION
$71K
AGE
74
TENURE
31.3 yrs

James Rossi

TITLE
Director
COMPENSATION
$79K
AGE
63
TENURE
18.3 yrs

John Elliot

TITLE
Director
COMPENSATION
$72K
AGE
72
TENURE
12.3 yrs

Robert Fisher

TITLE
Director
COMPENSATION
$70K
AGE
65
TENURE
25.3 yrs

Tracy Hylton

TITLE
Director
COMPENSATION
$102K
AGE
69
TENURE
20.4 yrs

Sharon Rowe

TITLE
Director
COMPENSATION
$70K
AGE
67
TENURE
18.3 yrs

William File

TITLE
Director
COMPENSATION
$115K
AGE
70
TENURE
18.3 yrs

Charles Fairchilds

TITLE
Director
COMPENSATION
$69K
AGE
70
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • City Holding insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. May 19 Sell Charles Hageboeck Individual 03. May 19 03. May 19 -8,000 $80.47 $-642,152
03. May 19 Sell Craig Stilwell Individual 02. May 19 02. May 19 -2,925 $79.00 $-231,075
30. Apr 19 Sell David Bumgarner Individual 29. Apr 19 29. Apr 19 -1,069 $80.02 $-85,541
01. Mar 19 Sell Charles Hageboeck Individual 28. Feb 19 28. Feb 19 -1,593 $79.50 $-126,644
01. Mar 19 Sell Craig Stilwell Individual 28. Feb 19 28. Feb 19 -2,431 $79.61 $-193,530
28. Feb 19 Sell Craig Stilwell Individual 27. Feb 19 27. Feb 19 -818 $79.35 $-64,911
27. Feb 19 Sell Charles Hageboeck Individual 26. Feb 19 26. Feb 19 -1,691 $79.00 $-133,589
26. Feb 19 Sell Charles Hageboeck Individual 25. Feb 19 25. Feb 19 -4,154 $79.77 $-331,384
19. Nov 18 Buy Diane Strong-Treister Individual 16. Nov 18 16. Nov 18 100 $77.00 $7,700
29. Aug 18 Sell Charles Hageboeck Individual 28. Aug 18 28. Aug 18 -3,986 $81.00 $-322,866
28. Aug 18 Sell John DeRito Individual 27. Aug 18 27. Aug 18 -2,020 $82.25 $-166,145
22. Aug 18 Sell Craig Stilwell Individual 21. Aug 18 21. Aug 18 -2,825 $82.70 $-233,633
01. Aug 18 Sell Jeffrey Legge Individual 01. Aug 18 01. Aug 18 -325 $80.78 $-26,254
01. Jun 18 Buy Diane Strong-Treister Individual 31. May 18 31. May 18 100 $74.29 $7,429
X
Management checks
We assess City Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. City Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CHCO News

Simply Wall St News

What Kind Of Shareholders Own City Holding Company (NASDAQ:CHCO)?

The big shareholder groups in City Holding Company (NASDAQ:CHCO) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … City Holding has a market capitalization of US$1.3b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Are You An Income Investor? Don't Miss Out On City Holding Company (NASDAQ:CHCO)

There is a lot to be liked about City Holding Company (NASDAQ:CHCO) as an income stock. … The company currently pays out a dividend yield of 2.8% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at City Holding in more detail.

Simply Wall St -

Only 2 Days Left To Cash In On City Holding Company (NASDAQ:CHCO) Dividend

To qualify for the dividend check of US$0.53 per share, investors must have owned the shares prior to 14 January 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into City Holding's latest financial data to analyse its dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

City Holding Company (NASDAQ:CHCO) Is Trading 18.25% Below Its True Value

Understanding these differences is crucial when it comes to putting a value on the bank stock. … Banks, for example, must hold certain levels of tiered capital in order to maintain a safe cash cushion.

Simply Wall St -

Three Key Risks For City Holding Company (NASDAQ:CHCO) You Should Know

As a small-cap bank with a market capitalisation of US$1.2b, City Holding Company’s (NASDAQ:CHCO) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off City Holding’s bottom line. … Check out our latest analysis for City Holding

Simply Wall St -

Should You Be Pleased About The CEO Pay At City Holding Company's (NASDAQ:CHCO)

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Skip Hageboeck's Compensation Compare With Similar Sized Companies. … Our data indicates that City Holding Company is worth US$1.2b, and total annual CEO compensation is US$1.4m

Simply Wall St -

How Much Of City Holding Company (NASDAQ:CHCO) Do Institutions Own?

Every investor in City Holding Company (NASDAQ:CHCO) should be aware of the most powerful shareholder groups. … Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Does The Data Make City Holding Company (NASDAQ:CHCO) An Attractive Investment?

City Holding Company (NASDAQ:CHCO) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a

Simply Wall St -

Real Risks To Know Before Investing In City Holding Company (NASDAQ:CHCO)

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting City Holding’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of City Holding's a stock investment. … Check out our latest analysis for City Holding

Simply Wall St -

Is Now The Right Time To Invest In Financials And City Holding Company (NASDAQ:CHCO)?

operates in the banking industry, … Many aspects of banking and capital markets are being attacked by new competitors, whose key advantage is a leaner and technology-enabled operating model, allowing them to scale at a faster rate and meet changing consumer needs … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

CHCO Company Info

Description

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.

Details
Name: City Holding Company
CHCO
Exchange: NasdaqGS
Founded: 1957
$1,279,766,189
16,481,213
Website: http://www.cityholding.com
Address: City Holding Company
25 Gatewater Road,
Charleston,
West Virginia, 25313,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CHCO Common Stock Nasdaq Global Select US USD 23. Jun 1987
Number of employees
Current staff
Staff numbers
891
City Holding employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:20
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/03
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.