Kennedy Capital Management LLC raised its position in National Bank Holdings Corporation (NYSE:NBHC – Free Report) by 39.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 505,333 shares of the financial services provider’s stock after purchasing an additional 141,726 shares during the quarter. Kennedy Capital Management LLC owned about 1.34% of National Bank worth $19,208,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in NBHC. JPMorgan Chase & Co. increased its stake in shares of National Bank by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock valued at $8,961,000 after acquiring an additional 88,876 shares during the period. Endeavour Capital Advisors Inc. bought a new stake in National Bank during the fourth quarter worth approximately $6,659,000. Deprince Race & Zollo Inc. boosted its holdings in National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after buying an additional 793,902 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in National Bank by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 148,367 shares of the financial services provider’s stock worth $5,733,000 after purchasing an additional 18,517 shares during the period. Finally, SG Americas Securities LLC boosted its stake in National Bank by 87.5% in the 4th quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 25,554 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.
National Bank Trading Up 2.1%
Shares of NYSE NBHC opened at $43.80 on Friday. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $44.02. The company has a market cap of $1.96 billion, a PE ratio of 16.34 and a beta of 0.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $41.90 and a two-hundred day moving average of $40.46.
National Bank Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 29th. National Bank’s payout ratio is 47.76%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NBHC shares. Piper Sandler lifted their target price on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson reiterated a “buy” rating and issued a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 5th. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.20.
Check Out Our Latest Stock Report on NBHC
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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