Jackson Creek Investment Advisors LLC Buys Shares of 9,492 City Holding (NASDAQ:CHCO)

Jackson Creek Investment Advisors LLC acquired a new position in shares of City Holding (NASDAQ:CHCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,492 shares of the bank's stock, valued at approximately $1,047,000. Jackson Creek Investment Advisors LLC owned about 0.06% of City as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of City by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 397,782 shares of the bank's stock valued at $35,940,000 after acquiring an additional 16,123 shares during the last quarter. Dupree Financial Group LLC acquired a new position in City in the 4th quarter valued at about $1,165,000. SG Americas Securities LLC purchased a new stake in shares of City in the 3rd quarter valued at approximately $806,000. State Board of Administration of Florida Retirement System increased its holdings in shares of City by 205.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 13,189 shares of the bank's stock worth $1,192,000 after buying an additional 8,869 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of City during the 3rd quarter valued at approximately $762,000. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

City Trading Down 1.8 %

City stock traded down $1.84 during trading on Tuesday, hitting $101.02. The company had a trading volume of 52,689 shares, compared to its average volume of 61,636. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 12.71 and a beta of 0.51. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. City Holding has a 1-year low of $82.53 and a 1-year high of $115.89. The company's 50 day simple moving average is $101.82 and its 200-day simple moving average is $101.39.

City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 2.83%. City's payout ratio is presently 35.97%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on City from $103.00 to $105.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Stephens lowered their price target on City from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $110.00 price objective (up from $100.00) on shares of City in a report on Thursday, April 25th.

Insider Activity at City

In related news, CEO Charles R. Hageboeck sold 8,899 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $101.00, for a total transaction of $898,799.00. Following the completion of the transaction, the chief executive officer now directly owns 53,218 shares in the company, valued at approximately $5,375,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other City news, CEO Charles R. Hageboeck sold 8,899 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $101.00, for a total transaction of $898,799.00. Following the sale, the chief executive officer now directly owns 53,218 shares in the company, valued at approximately $5,375,018. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John A. Derito sold 1,309 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $101.25, for a total transaction of $132,536.25. Following the completion of the transaction, the executive vice president now directly owns 28,620 shares of the company's stock, valued at approximately $2,897,775. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,981 shares of company stock worth $1,217,039. 2.39% of the stock is currently owned by company insiders.

About City

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.