Endeavour Capital Advisors Inc. Takes Position in National Bank Holdings Corporation $NBHC

Endeavour Capital Advisors Inc. acquired a new position in shares of National Bank Holdings Corporation (NYSE:NBHC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 175,198 shares of the financial services provider’s stock, valued at approximately $6,659,000. National Bank makes up 1.9% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 23rd largest holding.

Other hedge funds also recently made changes to their positions in the company. Deprince Race & Zollo Inc. boosted its holdings 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 purchasing an additional 793,902 shares during the period. Millennium Management LLC grew its holdings in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after buying an additional 190,210 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock worth $11,785,000 after purchasing an additional 181,137 shares in the last quarter. Citadel Advisors LLC grew its position in National Bank by 144.1% in the 3rd quarter. Citadel Advisors LLC now owns 236,354 shares of the financial services provider’s stock valued at $9,133,000 after buying an additional 139,527 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of National Bank by 49.8% during the third quarter. Qube Research & Technologies Ltd now owns 348,008 shares of the financial services provider’s stock valued at $13,447,000 after acquiring an additional 115,765 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NBHC. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler raised their price target on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, National Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Stock Performance

NYSE NBHC opened at $42.00 on Tuesday. National Bank Holdings Corporation has a 52-week low of $35.06 and a 52-week high of $43.86. 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 capitalization of $1.88 billion, a price-to-earnings ratio of 15.67 and a beta of 0.80. The company’s fifty day moving average is $40.87 and its two-hundred day moving average is $39.92.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million during the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Equities research analysts forecast that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. National Bank’s payout ratio is presently 47.76%.

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.