National Bank Holdings Corporation $NBHC Stock: Islay Capital Management LLC Reduces Holdings

Islay Capital Management LLC trimmed its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 58.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,127 shares of the financial services provider’s stock after selling 15,818 shares during the period. Islay Capital Management LLC’s holdings in National Bank were worth $436,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund boosted its stake in shares of National Bank by 1.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 300 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of National Bank by 108.7% in the 3rd quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 462 shares in the last quarter. Nykredit A S bought a new position in shares of National Bank in the 2nd quarter valued at approximately $34,000. The Manufacturers Life Insurance Company lifted its holdings in National Bank by 5.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 826 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in National Bank by 9.8% during the second quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,020 shares during the period. 92.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research note on Thursday, August 6th. Weiss Ratings lowered shares of National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. DA Davidson decreased their price target on shares of National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, October 5th. Piper Sandler lowered their price target on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Finally, Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.67.

National Bank Stock Performance

Shares of NYSE:NBHC traded up $0.39 on Tuesday, hitting $37.89. 59,748 shares of the company were exchanged, compared to its average volume of 457,327. The company’s 50 day moving average price is $40.52 and its two-hundred day moving average price is $41.97. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 15.92 and a beta of 0.84. 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 Holdings Corporation has a one year low of $35.06 and a one year high of $47.28.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%. The business had revenue of $129.94 million for the quarter, compared to analyst estimates of $135.08 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. Research analysts expect that National Bank Holdings Corporation will post 2.80 earnings per share for the current year.

National Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.4%. National Bank’s payout ratio is 53.78%.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its banking subsidiary, NBH Bank, the company provides community banking services to individuals, families, businesses and institutions.

Its products and services include checking and savings accounts, certificates of deposit, consumer and residential lending, commercial and industrial loans, commercial real estate financing, treasury management, wealth management and other financial services.