Cwm LLC Buys 480 Shares of National Bank Holdings Corporation (NYSE:NBHC)

Cwm LLC grew its stake in National Bank Holdings Corporation (NYSE:NBHC) by 158.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 783 shares of the financial services provider’s stock after buying an additional 480 shares during the period. Cwm LLC’s holdings in National Bank were worth $30,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rosenthal Henry Capital Advisors Inc. raised its stake in shares of National Bank by 48.3% in the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 33,775 shares of the financial services provider’s stock valued at $1,293,000 after acquiring an additional 11,000 shares in the last quarter. Leeward Investments LLC MA grew its holdings in National Bank by 12.0% during the first quarter. Leeward Investments LLC MA now owns 390,439 shares of the financial services provider’s stock valued at $14,942,000 after purchasing an additional 41,828 shares during the last quarter. Peregrine Capital Management LLC raised its position in shares of National Bank by 9.3% in the first quarter. Peregrine Capital Management LLC now owns 146,101 shares of the financial services provider’s stock valued at $5,591,000 after purchasing an additional 12,386 shares during the period. Handelsbanken Fonder AB raised its position in shares of National Bank by 40.4% in the first quarter. Handelsbanken Fonder AB now owns 7,300 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 2,100 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of National Bank in the first quarter worth $289,000. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Up 1.2%

Shares of National Bank stock opened at $36.50 on Tuesday. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $51.76. The company’s fifty day simple moving average is $37.93 and its 200-day simple moving average is $38.71. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.77 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. National Bank had a net margin of 20.02% and a return on equity of 9.44%. The firm had revenue of $104.48 million during the quarter, compared to the consensus estimate of $110.36 million. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current year.

National Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $-0.30 per share. This represents a ($1.20) annualized dividend and a yield of -3.3%. National Bank’s dividend payout ratio is 38.71%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NBHC. Hovde Group raised their target price on shares of National Bank from $39.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. DA Davidson upped their price target on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank has an average rating of “Hold” and an average price target of $47.20.

National Bank Company 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.