City Holding Company Announces Approval of Stock Repurchase Plan
City Holding Company (CHCO)
Last city holding company earnings: 4/28 07:30 am
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US:NASDAQ Investor Relations:
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Company Research
Source: Business Wire
CHARLESTON, W.V.--(BUSINESS WIRE)--City Holding Company, “the Company” (NASDAQ:CHCO), a $6.2 billion bank holding company headquartered in Charleston, today announced that the board authorized the Company to buy back up to 1,000,000 of its common shares (approximately 7% of outstanding shares) in open market transactions at prices that are accretive to the earnings per share of continuing shareholders. Management may commence or suspend purchases at any time or from time-to-time based on market and business conditions and without prior notice. No time limit has been placed on the duration of the share repurchase program. As part of its authorization, the Company rescinded the previous share repurchase plan approved May 25, 2022. Through January 31, 2024, the Company repurchased 849,681 shares under the May 2022 plan."As of January 31, 2024, the Company was very well capitalized and capital continues to grow due to our exceptional earnings. As a result, we view this repurchase plan
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CHCO
News
- City Holding (NASDAQ: CHCO) had its price target raised by analysts at Hovde Group from $110.00 to $113.00. They now have a "market perform" rating on the stock.MarketBeat
- City Holding First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- City Holding (NASDAQ: CHCO) had its price target lowered by analysts at Stephens from $100.00 to $99.00. They now have an "equal weight" rating on the stock.MarketBeat
- City Holding (NASDAQ: CHCO) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $110.00 price target on the stock, up previously from $100.00.MarketBeat
- City Holding (CHCO) Q1 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
CHCO
Earnings
- 4/23/24 - Beat
CHCO
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 144
- 5/2/24 - Form 4
- CHCO's page on the SEC website