Illinois Municipal Retirement Fund Sells 1,162 Shares of National Bank Holdings Co. (NYSE:NBHC)

Illinois Municipal Retirement Fund decreased its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,002 shares of the financial services provider’s stock after selling 1,162 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in National Bank were worth $781,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Quantbot Technologies LP boosted its holdings in shares of National Bank by 2,352.0% in the 3rd 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 lifted its position in National Bank by 45.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 2,145 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in National Bank in the fourth quarter valued at approximately $244,000. Mutual of America Capital Management LLC purchased a new position in National Bank in the fourth quarter worth $246,000. Finally, Aigen Investment Management LP acquired a new position in shares of National Bank during the third quarter worth $267,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $39.00 price objective (down previously from $40.00) on shares of National Bank in a research report on Friday. StockNews.com lowered National Bank from a “hold” rating to a “sell” rating in a research note on Sunday. Hovde Group decreased their price objective on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a research report on Monday. TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Piper Sandler upped their price target on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.63.

National Bank Trading Down 0.4 %

Shares of NYSE:NBHC opened at $33.36 on Tuesday. The business has a 50-day moving average price of $34.12 and a 200-day moving average price of $34.16. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 9.59 and a beta of 0.84. National Bank Holdings Co. has a 52-week low of $26.48 and a 52-week high of $38.71. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $149.43 million during the quarter, compared to analyst estimates of $101.98 million. National Bank had a net margin of 22.94% and a return on equity of 11.20%. During the same period last year, the firm posted $1.06 EPS. Equities analysts predict that National Bank Holdings Co. will post 3.33 EPS for the current year.

About National Bank

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.