Latest news with #CHCO
San Francisco Chronicle
22-07-2025
- Business
- San Francisco Chronicle
City Holding: Q2 Earnings Snapshot
CHARLESTON, (AP) — CHARLESTON, (AP) — City Holding Co. (CHCO) on Tuesday reported second-quarter earnings of $33.4 million. The Charleston, West Virginia-based bank said it had earnings of $2.29 per share. The bank holding company for City National Bank of West Virginia posted revenue of $99.5 million in the period. Its revenue net of interest expense was $78.2 million, beating Street forecasts.
Hamilton Spectator
03-06-2025
- Business
- Hamilton Spectator
Charlotte County community paper relaunches print edition
The Courier is back on stands in Charlotte County, a year after the community paper ceased printing among sales talks. Now owned by local non-profit news station CHCO, the 159-year-old paper has returned June 1 as a monthly free edition distributed in cafes and community centres in Saint Andrews, St. Stephen and St. George. CHCO news director Vicki Hogarth said the station bought the St. Croix Courier in October from former owners Advocate Media, which announced in May last year that the paper, then a weekly with a $1.75 cover price, would stop printing as it explored a sale. The title, now called the Courier, relaunched online as part of CHCO's news offerings and began bringing in new staff, Hogarth said. Then, she said they received a tip from Guy Groulx, now doing layout for the paper, about a short-term federal grant that enabled them to test the waters for a year to determine if there was interest in a print edition. 'It's more to get it in the hands of people who may not go online,' Hogarth said. 'But what we're also finding out is that the paper part has an appeal to people who are online too.' Nathalie Sturgeon joined as the editor, with a team that includes long-time columnist Barb Rayner and cartoonist Ted Michener. The paper will include a mix of paid contributors and volunteers, Hogarth said. 'We're all going to have our hands in both now a little bit, but we've brought in contributors that just do the Courier side of things,' Hogarth said. 'We're growing the team again ... some young, some old.' The station is funded by a mix of grants, donations, advertising partnerships and a weekly bingo show, Hogarth said. The paper, printed by St. Croix Printing, will be funded by the one-year $20,000 grant as well as local ads, with the paper bringing in a local ad sales person and using the distribution network used to circulate bingo cards to local businesses, she said. 'At much as it was sort of a headache to get into uncharted territory for us, it's turning out to make sense for everything we're already doing,' she said. Business challenges in the print newspaper industry were part of Advocate's reason for selling, but Hogarth said it was also because the Nova Scotia-based company was limited in what it could do remotely. She said she hoped that the publication shows that 'local news is possible.' 'From an outsider's perspective, I'm sure it seems crazy but we've really been listening to the community and we know that businesses are willing to support this venture and we know the community has a thirst for it, so here we are,' she said. She said the feedback has been 'incredible' and that there have already been letters of appreciation coming in about the local content. 'Our whole community have had a year to see what it's like to not have a local paper,' she said. 'To see it again circulating, come back from the dead, makes them appreciate so much more the role that news and newspapers have.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
30-05-2025
- Business
- Yahoo
Why City Holding (CHCO) is a Great Dividend Stock Right Now
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Based in Charleston, City Holding (CHCO) is in the Finance sector, and so far this year, shares have seen a price change of 0.67%. The bank holding company for City National Bank of West Virginia is currently shelling out a dividend of $0.79 per share, with a dividend yield of 2.65%. This compares to the Banks - Southeast industry's yield of 2.4% and the S&P 500's yield of 1.56%. Looking at dividend growth, the company's current annualized dividend of $3.16 is up 7.7% from last year. City Holding has increased its dividend 5 times on a year-over-year basis over the last 5 years for an average annual increase of 7.35%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, City Holding's payout ratio is 40%, which means it paid out 40% of its trailing 12-month EPS as dividend. Looking at this fiscal year, CHCO expects solid earnings growth. The Zacks Consensus Estimate for 2025 is $8.02 per share, representing a year-over-year earnings growth rate of 1.65%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. But, not every company offers a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, CHCO presents a compelling investment opportunity; it's not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report City Holding Company (CHCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-05-2025
- Business
- Yahoo
Why City Holding (CHCO) is a Top Dividend Stock for Your Portfolio
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Headquartered in Charleston, City Holding (CHCO) is a Finance stock that has seen a price change of 2.64% so far this year. The bank holding company for City National Bank of West Virginia is currently shelling out a dividend of $0.79 per share, with a dividend yield of 2.6%. This compares to the Banks - Southeast industry's yield of 2.35% and the S&P 500's yield of 1.54%. Taking a look at the company's dividend growth, its current annualized dividend of $3.16 is up 7.7% from last year. In the past five-year period, City Holding has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.35%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, City Holding's payout ratio is 40%, which means it paid out 40% of its trailing 12-month EPS as dividend. Earnings growth looks solid for CHCO for this fiscal year. The Zacks Consensus Estimate for 2025 is $8.02 per share, representing a year-over-year earnings growth rate of 1.65%. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CHCO is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report City Holding Company (CHCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
01-03-2025
- Business
- Yahoo
City Holding Full Year 2024 Earnings: In Line With Expectations
Revenue: US$291.8m (up 1.8% from FY 2023). Net income: US$116.0m (up 2.4% from FY 2023). Profit margin: 40% (in line with FY 2023). EPS: US$7.91 (up from US$7.62 in FY 2023). Net interest margin (NIM): 3.86% (down from 4.01% in FY 2023). Non-performing loans: 0.33% (up from 0.19% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations. In the last 12 months, the only revenue segment was Community Banking contributing US$291.8m. The largest operating expense was General & Administrative costs, amounting to US$108.2m (62% of total expenses). Explore how CHCO's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 1.5% from a week ago. What about risks? Every company has them, and we've spotted 1 warning sign for City Holding you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
