13,175 Shares in National Bank Holdings Corporation $NBHC Bought by NBH Bank

NBH Bank purchased a new position in National Bank Holdings Corporation (NYSE:NBHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,175 shares of the financial services provider’s stock, valued at approximately $585,000.

Several other institutional investors have also added to or reduced their stakes in NBHC. Nykredit A S purchased a new position in shares of National Bank in the second quarter worth about $34,000. Meeder Asset Management Inc. bought a new position in National Bank during the 4th quarter worth approximately $48,000. Global Retirement Partners LLC bought a new position in National Bank during the 4th quarter worth approximately $66,000. Quarry LP increased its stake in National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the period. Finally, State of Wyoming purchased a new position in National Bank in the 4th quarter worth approximately $69,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Trading Up 0.5%

NYSE NBHC opened at $42.08 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of 17.68 and a beta of 0.77. National Bank Holdings Corporation has a fifty-two week low of $35.06 and a fifty-two week high of $47.28. The stock has a 50 day simple moving average of $43.28 and a two-hundred day simple moving average of $41.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $129.94 million for the quarter, compared to analysts’ expectations of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. National Bank’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, analysts forecast that National Bank Holdings Corporation will post 3.35 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, August 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. National Bank’s payout ratio is currently 53.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NBHC shares. Piper Sandler dropped their price objective on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, National Bank currently has a consensus rating of “Moderate Buy” and an average price target of $46.80.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.