Louisiana State Employees Retirement System Acquires Shares of 20,000 National Bank Holdings Corporation $NBHC

Louisiana State Employees Retirement System bought a new position in shares of National Bank Holdings Corporation (NYSE:NBHC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the financial services provider’s stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also made changes to their positions in NBHC. SG Americas Securities LLC grew its stake in National Bank by 15.7% during the 1st quarter. SG Americas Securities LLC now owns 63,357 shares of the financial services provider’s stock worth $2,481,000 after buying an additional 8,592 shares during the last quarter. Hsbc Holdings PLC lifted its stake in National Bank by 1,188.0% in the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock valued at $7,071,000 after buying an additional 171,578 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of National Bank in the fourth quarter valued at approximately $326,000. Empowered Funds LLC boosted its holdings in shares of National Bank by 4.4% in the fourth quarter. Empowered Funds LLC now owns 151,699 shares of the financial services provider’s stock valued at $5,766,000 after acquiring an additional 6,446 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of National Bank during the fourth quarter worth approximately $910,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NBHC has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Piper Sandler raised their price objective on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Stock Performance

Shares of NYSE:NBHC traded down $0.14 during trading on Tuesday, reaching $44.37. The company had a trading volume of 2,851 shares, compared to its average volume of 478,099. National Bank Holdings Corporation has a fifty-two week low of $35.06 and a fifty-two week high of $45.63. 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 stock’s fifty day moving average price is $42.69 and its 200 day moving average price is $41.08. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 16.55 and a beta of 0.78.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $126.78 million for the quarter, compared to analyst estimates of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. National Bank’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. As a group, equities research analysts predict that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.32 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 2.9%. National Bank’s dividend payout ratio is presently 47.76%.

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.