Jump Financial LLC Buys Shares of 3,413 City Holding (NASDAQ:CHCO)

Jump Financial LLC bought a new position in City Holding (NASDAQ:CHCO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 3,413 shares of the bank's stock, valued at approximately $404,000.

Several other institutional investors have also modified their holdings of the stock. Guggenheim Capital LLC grew its holdings in City by 1.3% during the 4th quarter. Guggenheim Capital LLC now owns 8,838 shares of the bank's stock valued at $1,047,000 after purchasing an additional 114 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of City during the fourth quarter worth $423,000. Barclays PLC boosted its position in City by 1.3% in the 4th quarter. Barclays PLC now owns 29,226 shares of the bank's stock valued at $3,464,000 after buying an additional 381 shares during the period. Sterling Capital Management LLC increased its holdings in City by 781.3% during the 4th quarter. Sterling Capital Management LLC now owns 423 shares of the bank's stock worth $50,000 after purchasing an additional 375 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of City in the fourth quarter valued at about $361,000. 72.43% of the stock is owned by institutional investors.

City Stock Down 0.9 %

Shares of CHCO traded down $1.01 during trading hours on Wednesday, hitting $116.46. The company had a trading volume of 16,051 shares, compared to its average volume of 59,576. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.71 billion, a PE ratio of 14.76 and a beta of 0.48. City Holding has a one year low of $99.63 and a one year high of $137.28. The company's fifty day moving average price is $115.72 and its two-hundred day moving average price is $120.15.

City (NASDAQ:CHCO - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.22. The firm had revenue of $74.55 million for the quarter, compared to the consensus estimate of $73.28 million. City had a return on equity of 16.49% and a net margin of 30.83%. As a group, equities analysts forecast that City Holding will post 7.58 earnings per share for the current fiscal year.

City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, April 15th. City's dividend payout ratio is presently 39.60%.

Insider Activity

In other City news, CFO David L. Bumgarner sold 556 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $120.00, for a total transaction of $66,720.00. Following the transaction, the chief financial officer now directly owns 9,395 shares of the company's stock, valued at $1,127,400. This trade represents a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles W. Fairchilds sold 500 shares of City stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $120.50, for a total transaction of $60,250.00. Following the sale, the director now directly owns 1,014 shares in the company, valued at approximately $122,187. This trade represents a 33.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,284 shares of company stock valued at $272,044 in the last quarter. 1.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their target price on shares of City from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th.

City Profile

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 offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.