Thompson Siegel & Walmsley LLC purchased a new position in National Bank Holdings Corporation (NYSE:NBHC – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 130,830 shares of the financial services provider’s stock, valued at approximately $4,973,000. Thompson Siegel & Walmsley LLC owned approximately 0.35% of National Bank as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of NBHC. AlphaQuest LLC lifted its holdings in National Bank by 62.8% in the fourth quarter. AlphaQuest LLC now owns 70,085 shares of the financial services provider’s stock worth $2,664,000 after acquiring an additional 27,040 shares during the last quarter. Endeavour Capital Advisors Inc. bought a new position in National Bank in the fourth quarter worth about $6,659,000. Jefferies Financial Group Inc. bought a new position in National Bank in the fourth quarter worth about $950,000. MQS Management LLC lifted its holdings in National Bank by 9.9% in the fourth quarter. MQS Management LLC now owns 9,557 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 858 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in National Bank in the fourth quarter worth about $66,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.
National Bank Trading Down 1.5%
National Bank stock opened at $41.19 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 15.37 and a beta of 0.80. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $43.86. The firm’s 50 day moving average price is $41.20 and its two-hundred day moving average price is $40.11.
National Bank Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, May 29th. National Bank’s payout ratio is currently 47.76%.
Analyst Ratings Changes
A number of equities analysts have issued reports on NBHC shares. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, May 21st. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.20.
Get Our Latest Stock Analysis on National Bank
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.
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