Mutual of America Capital Management LLC Buys Shares of 6,609 National Bank Holdings Co. (NYSE:NBHC)

Mutual of America Capital Management LLC bought a new stake in National Bank Holdings Co. (NYSE:NBHC) during the fourth quarter, Holdings Channel.com reports. The firm bought 6,609 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently added to or reduced their stakes in NBHC. Quantbot Technologies LP boosted its position in National Bank by 2,352.0% in the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock valued at $146,000 after buying an additional 4,704 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock valued at $204,000 after buying an additional 2,145 shares in the last quarter. Aigen Investment Management LP acquired a new stake in National Bank in the third quarter valued at approximately $267,000. Teacher Retirement System of Texas acquired a new stake in National Bank in the third quarter valued at approximately $275,000. Finally, Alps Advisors Inc. acquired a new stake in National Bank in the third quarter valued at approximately $330,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

National Bank Price Performance

Shares of NYSE NBHC opened at $34.79 on Wednesday. National Bank Holdings Co. has a twelve month low of $26.48 and a twelve month high of $38.71. The firm has a fifty day simple moving average of $34.18 and a 200 day simple moving average of $34.07. The company has a market capitalization of $1.31 billion, a PE ratio of 9.35 and a beta of 0.84. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.33.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The business had revenue of $107.23 million during the quarter, compared to the consensus estimate of $103.96 million. During the same quarter last year, the firm earned $0.91 earnings per share. National Bank’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts forecast that National Bank Holdings Co. will post 3.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NBHC. Piper Sandler lifted their price target on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. StockNews.com upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday. Finally, TheStreet lowered shares of National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th.

National Bank 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.