Jacobs Asset Management LLC Acquires 15,000 Shares of National Bank Holdings Corporation $NBHC

Jacobs Asset Management LLC boosted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,000 shares of the financial services provider’s stock after acquiring an additional 15,000 shares during the period. National Bank comprises about 3.9% of Jacobs Asset Management LLC’s portfolio, making the stock its 13th largest position. Jacobs Asset Management LLC’s holdings in National Bank were worth $7,032,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of National Bank by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after purchasing an additional 88,876 shares during the last quarter. Endeavour Capital Advisors Inc. acquired a new stake in shares of National Bank during the 4th quarter worth approximately $6,659,000. Deprince Race & Zollo Inc. grew its stake in shares of National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after purchasing an additional 793,902 shares during the period. Public Sector Pension Investment Board grew its stake in shares of National Bank by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 18,517 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of National Bank by 87.5% during the 4th quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 25,554 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Performance

NYSE:NBHC opened at $43.80 on Friday. The firm’s fifty day moving average price is $41.90 and its 200 day moving average price is $40.46. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $44.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.78.

National Bank (NYSE:NBHC) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. During the same quarter last year, the company earned $0.63 earnings per share. National Bank’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, sell-side analysts expect that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.32 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. National Bank’s dividend payout ratio (DPR) is currently 47.76%.

Wall Street Analysts Forecast Growth

NBHC has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings lowered National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, National Bank has an average rating of “Moderate Buy” and an average target price of $46.20.

National Bank 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.