Hsbc Holdings PLC Sells 113,183 Shares of National Bank Holdings Corporation $NBHC

Hsbc Holdings PLC lowered its stake in National Bank Holdings Corporation (NYSE:NBHC) by 60.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 72,837 shares of the financial services provider’s stock after selling 113,183 shares during the period. Hsbc Holdings PLC’s holdings in National Bank were worth $2,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Endeavour Capital Advisors Inc. acquired a new stake in shares of National Bank during the 4th quarter valued at $6,659,000. Deprince Race & Zollo Inc. increased its holdings in National Bank by 215.4% in 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 in the last quarter. SG Americas Securities LLC increased its holdings in National Bank by 87.5% in 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 in the last quarter. Tudor Investment Corp ET AL raised its position in National Bank by 87.6% in the third quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock valued at $8,127,000 after purchasing an additional 98,229 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of National Bank by 62.1% during the third 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 in the last quarter. Institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Piper Sandler upped their price target on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Stephens dropped their price target on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.00.

National Bank Trading Up 0.6%

Shares of NBHC stock opened at $43.40 on Friday. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $47.28. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 18.24 and a beta of 0.78. The stock has a 50-day moving average of $43.38 and a 200-day moving average of $41.63.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 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 return on equity of 8.35% and a net margin of 15.11%.National Bank’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, equities research analysts forecast that National Bank Holdings Corporation will post 3.41 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is currently 53.78%.

About National Bank

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.