Healthcare of Ontario Pension Plan Trust Fund Trims Stock Position in National Bank Holdings Corporation $NBHC

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in National Bank Holdings Corporation (NYSE:NBHC) by 97.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,928 shares of the financial services provider’s stock after selling 70,014 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in National Bank were worth $76,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NBHC. Dimensional Fund Advisors LP raised its position in shares of National Bank by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after buying an additional 40,669 shares during the period. State Street Corp grew its position in National Bank by 2.6% in the fourth quarter. State Street Corp now owns 1,888,885 shares of the financial services provider’s stock worth $71,797,000 after acquiring an additional 47,991 shares during the period. Deprince Race & Zollo Inc. grew its position in National Bank by 215.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after acquiring an additional 793,902 shares during the period. Leeward Investments LLC MA increased its stake in National Bank by 20.9% during the fourth quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock worth $20,305,000 after acquiring an additional 92,489 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in National Bank by 39.0% during the fourth quarter. Kennedy Capital Management LLC now owns 505,333 shares of the financial services provider’s stock worth $19,208,000 after acquiring an additional 141,726 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Trading Up 0.0%

NBHC opened at $43.19 on Tuesday. The business has a fifty day moving average price of $43.50 and a 200 day moving average price of $41.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. National Bank Holdings Corporation has a 12 month low of $35.06 and a 12 month high of $47.28. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 18.15 and a beta of 0.79.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). The company had revenue of $129.06 million during the quarter, compared to analyst estimates of $135.08 million. National Bank had a net margin of 15.11% and a return on equity of 8.35%. National Bank’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. Sell-side analysts expect that National Bank Holdings Corporation will post 3.35 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio is presently 53.78%.

Analyst Ratings Changes

Several brokerages have recently commented on NBHC. DA Davidson reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Bank in a research note on Wednesday, April 22nd. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens reduced their price objective on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Piper Sandler decreased their target price on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.