GAMMA Investing LLC Grows Stock Holdings in National Bank Holdings Corporation (NYSE:NBHC)

GAMMA Investing LLC increased its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 4,552.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,283 shares of the financial services provider’s stock after buying an additional 19,847 shares during the quarter. GAMMA Investing LLC owned about 0.05% of National Bank worth $776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division lifted its position in shares of National Bank by 5.2% during the 1st quarter. Moody National Bank Trust Division now owns 29,852 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 1,482 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of National Bank during the 4th quarter valued at approximately $230,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of National Bank by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,741 shares of the financial services provider’s stock valued at $3,649,000 after acquiring an additional 3,085 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of National Bank during the 4th quarter valued at approximately $246,000. Finally, ProShare Advisors LLC lifted its position in shares of National Bank by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 11,142 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 3,422 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NBHC shares. Hovde Group cut their price objective on National Bank from $43.00 to $39.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. DA Davidson cut their price objective on National Bank from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.

National Bank Price Performance

Shares of NYSE:NBHC opened at $35.58 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. National Bank Holdings Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $51.76. The firm has a 50-day simple moving average of $36.39 and a 200 day simple moving average of $40.06. The company has a market cap of $1.36 billion, a PE ratio of 12.27 and a beta of 0.77.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $0.63 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.13). National Bank had a return on equity of 9.02% and a net margin of 18.75%. The firm had revenue of $102.07 million during the quarter, compared to the consensus estimate of $107.47 million. During the same quarter last year, the company posted $0.82 EPS. On average, sell-side analysts anticipate that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.30 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Friday, May 30th. National Bank’s dividend payout ratio is currently 41.38%.

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.