New York State Common Retirement Fund Buys 43,462 Shares of National Bank Holdings Corporation $NBHC

New York State Common Retirement Fund grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 336.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,373 shares of the financial services provider’s stock after acquiring an additional 43,462 shares during the quarter. New York State Common Retirement Fund’s holdings in National Bank were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in National Bank by 2.0% in the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 291 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of National Bank by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after buying an additional 355 shares during the period. Amalgamated Bank boosted its stake in shares of National Bank by 3.3% in the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after buying an additional 357 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of National Bank by 6.5% in the second quarter. SG Americas Securities LLC now owns 8,026 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 487 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of National Bank by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,780 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 673 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Up 1.4%

Shares of NBHC stock opened at $41.80 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. National Bank Holdings Corporation has a one year low of $32.83 and a one year high of $44.11. The company’s fifty day moving average price is $39.70 and its 200-day moving average price is $38.45. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.67 and a beta of 0.81.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The business had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the previous year, the company posted $0.86 EPS. Sell-side analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.32 per share. This is a boost from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.28 annualized dividend and a yield of 3.1%. National Bank’s dividend payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NBHC shares. DA Davidson reissued a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, January 28th. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Monday, November 10th. Wall Street Zen downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three 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 MarketBeat.com, National Bank has an average rating of “Moderate Buy” and a consensus target price of $44.75.

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.