NBH Bank Takes Position in National Bank Holdings Corporation $NBHC

NBH Bank purchased a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 13,175 shares of the financial services provider’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nykredit A S bought a new position in National Bank in the second quarter worth $34,000. Meeder Asset Management Inc. purchased a new position in National Bank during the fourth quarter valued at $48,000. Global Retirement Partners LLC bought a new stake in shares of National Bank during the 4th quarter valued at $66,000. Quarry LP boosted its holdings in shares of National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of National Bank in the 4th quarter worth about $69,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Trading Up 0.5%

National Bank stock opened at $42.08 on Friday. National Bank Holdings Corporation has a 12 month low of $35.06 and a 12 month high of $47.28. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.68 and a beta of 0.77. The business’s fifty day simple moving average is $43.28 and its two-hundred day simple moving average is $41.99. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The company had revenue of $129.94 million for the quarter, compared to the consensus estimate of $135.08 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. National Bank’s revenue was up 23.4% compared to the same quarter last year. As a group, equities analysts predict that National Bank Holdings Corporation will post 3.35 earnings per share for the current fiscal year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. National Bank’s dividend payout ratio is 53.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NBHC. Stephens lowered shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Thursday, August 6th. Piper Sandler dropped their price objective on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Weiss Ratings cut shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.80.

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.