A lot of times you can find funky acquisition charges lowering net income and other bank performance ratios to the point that lower reported earnings drive down a company's share price. This can lead to an extremely undervalued stock but, unfortunately for new investors, that doesn't appear to be the case for City Holding Company (CHCO) as the market has this growing bank's shares trading at a very full price.
In the past year, CHCO's acquisitions of Virginia Savings Bancorp and Community Financial Corp. helped the company grow its assets by an impressive 23.2%. Loans, the main engine behind the bank's revenues, grew 26.7%.
With the higher loan portfolio, interest revenues were up 25.3% YOY when last...
Only subscribers can access this article, which is part of the PRO research library covering 3,570 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: