Revenue Update on City Holding Company(NASDAQ:CHCO)

City Holding Company(NASDAQ:CHCO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $44.44M. Analysts estimated a revenue of $43.21M. Earnings per share were $0.83. Analysts had estimated an EPS of $0.79.

City Holding Company (CHCO) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.34% at a volume of 67,370. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.16. The peak price level was also seen at $47.16 while the days lowest was $46.54. Finally the shares closed at $46.7. The 52-week high of the shares is $51.33 while the 52-week low is $40.74. According to the latest information available, the market cap of the company is $700 M.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, John A Derito (EVP, Commercial Banking) sold 2,500 shares at $49.04 per share price.Also, On May 27, 2016, Charles R Hageboeck (President & CEO) sold 3,401 shares at $48.85 per share price.On May 26, 2016, David L Bumgarner (SVP & Chief Financial Officer) sold 1,250 shares at $48.75 per share price, according to the Form-4 filing with the securities and exchange commission.

City Holding Company is a financial holding company. The Company conducts its principal activities through its wholly owned subsidiary City National Bank of West Virginia (City National). City National provides banking trust and investment management and other financial solutions through its network of around 82 banking offices located in the states of West Virginia Virginia eastern Kentucky and southeastern Ohio. City National offers various products and services including commercial banking consumer banking mortgage banking and wealth management and trust services. City National provides credit deposit and investment advisory products and services to rural and small community markets in addition to cities including Charleston Huntington Winchester Staunton Virginia Beach Ashland and Martinsburg.

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