Jackson Hole Capital Partners LLC Takes $17.54 Million Position in National Bank Holdings Co. (NYSE:NBHC)

Jackson Hole Capital Partners LLC bought a new stake in National Bank Holdings Co. (NYSE:NBHC) in the 4th quarter, Holdings Channel.com reports. The fund bought 471,539 shares of the financial services provider’s stock, valued at approximately $17,537,000. National Bank makes up 4.5% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Wellington Management Group LLP grew its stake in shares of National Bank by 8.9% during the third quarter. Wellington Management Group LLP now owns 3,665,586 shares of the financial services provider’s stock worth $109,088,000 after purchasing an additional 298,140 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of National Bank by 353.3% during the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock worth $6,008,000 after purchasing an additional 157,359 shares during the period. Kennedy Capital Management LLC grew its stake in shares of National Bank by 13.4% during the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after purchasing an additional 100,765 shares during the period. Endeavour Capital Advisors Inc. acquired a new stake in shares of National Bank during the third quarter worth $1,993,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of National Bank during the third quarter worth $1,173,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of analyst reports. TheStreet cut National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Piper Sandler boosted their target price on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th.

National Bank Trading Down 2.2 %

NYSE:NBHC traded down $0.76 on Thursday, reaching $33.64. The company’s stock had a trading volume of 193,987 shares, compared to its average volume of 166,519. National Bank Holdings Co. has a 1-year low of $26.48 and a 1-year high of $38.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.27 billion, a PE ratio of 9.23 and a beta of 0.84. The business’s 50-day moving average price is $34.19 and its two-hundred day moving average price is $34.08.

National Bank (NYSE:NBHC) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $149.43 million during the quarter, compared to analysts’ expectations of $101.98 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities research analysts anticipate that National Bank Holdings Co. will post 3.33 earnings per share for the current fiscal year.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.