Leeward Investments LLC MA Acquires 41,828 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Leeward Investments LLC MA boosted its stake in National Bank Holdings Corporation (NYSE:NBHC) by 12.0% in the first quarter, HoldingsChannel.com reports. The firm owned 390,439 shares of the financial services provider’s stock after buying an additional 41,828 shares during the period. Leeward Investments LLC MA’s holdings in National Bank were worth $14,942,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of National Bank by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider’s stock worth $15,375,000 after acquiring an additional 1,562 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in National Bank during the 4th quarter worth approximately $1,436,000. Amundi raised its holdings in National Bank by 197.3% during the 4th quarter. Amundi now owns 19,278 shares of the financial services provider’s stock worth $826,000 after purchasing an additional 12,793 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of National Bank in the 4th quarter worth approximately $500,000. Finally, Swiss National Bank boosted its stake in shares of National Bank by 0.9% in the 4th quarter. Swiss National Bank now owns 74,500 shares of the financial services provider’s stock valued at $3,208,000 after purchasing an additional 700 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DA Davidson lowered their target price on shares of National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Hovde Group dropped their price objective on National Bank from $43.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered National Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

National Bank Stock Up 1.7%

Shares of NYSE NBHC opened at $40.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.53 billion, a PE ratio of 13.81 and a beta of 0.77. The company’s fifty day simple moving average is $36.97 and its 200 day simple moving average is $39.33. National Bank Holdings Corporation has a 12-month low of $32.83 and a 12-month high of $51.76.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). National Bank had a return on equity of 9.02% and a net margin of 18.75%. The company had revenue of $102.07 million for the quarter, compared to the consensus estimate of $107.47 million. During the same period last year, the company earned $0.82 EPS. As a group, sell-side analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from National Bank’s previous quarterly dividend of $0.29. National Bank’s dividend payout ratio (DPR) is 41.38%.

National Bank Company Profile

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.