State of Alaska Department of Revenue Buys 1,578 Shares of National Bank Holdings Corporation $NBHC

State of Alaska Department of Revenue grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 7.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,664 shares of the financial services provider’s stock after purchasing an additional 1,578 shares during the period. State of Alaska Department of Revenue owned about 0.06% of National Bank worth $851,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC increased its holdings in National Bank by 0.3% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider’s stock worth $4,099,000 after purchasing an additional 288 shares in the last quarter. Quarry LP increased its holdings in National Bank by 40.3% during the 1st quarter. Quarry LP now owns 1,362 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 391 shares in the last quarter. CWM LLC boosted its stake in shares of National Bank by 158.4% in the 1st quarter. CWM LLC now owns 783 shares of the financial services provider’s stock worth $30,000 after buying an additional 480 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of National Bank by 5.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider’s stock worth $547,000 after buying an additional 805 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Bank by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock worth $844,000 after buying an additional 1,079 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NBHC. Keefe, Bruyette & Woods boosted their target price on National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a research note on Saturday, September 27th. DA Davidson boosted their target price on National Bank from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Hovde Group upgraded National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.60.

National Bank Trading Up 0.6%

NYSE:NBHC opened at $38.52 on Tuesday. The company has a market cap of $1.47 billion, a P/E ratio of 12.43 and a beta of 0.75. The stock’s fifty day moving average price is $38.40 and its two-hundred day moving average price is $37.65. National Bank Holdings Corporation has a 1 year low of $32.83 and a 1 year high of $51.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93.

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

National Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $-0.30 per share. The ex-dividend date was Friday, August 29th. This represents a ($1.20) annualized dividend and a dividend yield of -3.1%. National Bank’s dividend payout ratio is currently 38.71%.

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.