Quantinno Capital Management LP increased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC – Free Report) by 105.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,189 shares of the financial services provider’s stock after buying an additional 14,952 shares during the quarter. Quantinno Capital Management LP’s holdings in National Bank were worth $1,143,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Endeavour Capital Advisors Inc. acquired a new stake in shares of National Bank during the fourth quarter worth about $6,659,000. Hsbc Holdings PLC lifted its holdings in shares of National Bank by 1,188.0% during the 4th quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock valued at $7,071,000 after purchasing an additional 171,578 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of National Bank in the 4th quarter valued at approximately $950,000. Dimensional Fund Advisors LP grew its position in shares of National Bank by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock valued at $82,271,000 after purchasing an additional 40,669 shares during the period. Finally, Leeward Investments LLC MA increased its stake in National Bank by 20.9% during the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock worth $20,305,000 after purchasing an additional 92,489 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors.
National Bank Stock Down 0.1%
Shares of National Bank stock opened at $43.47 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 18.26 and a beta of 0.79. The business’s 50 day simple moving average is $43.74 and its 200 day simple moving average is $41.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. National Bank Holdings Corporation has a 52-week low of $35.06 and a 52-week high of $47.28.
National Bank Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. National Bank’s payout ratio is currently 53.78%.
Analysts Set New Price Targets
Several analysts have commented on NBHC shares. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler reduced their price target on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, July 27th. DA Davidson reissued a “buy” rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Stephens cut shares of National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and an average target price of $46.80.
View Our Latest Research Report 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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