Deprince Race & Zollo Inc. Invests $14.24 Million in National Bank Holdings Corporation $NBHC

Deprince Race & Zollo Inc. purchased a new stake in National Bank Holdings Corporation (NYSE:NBHC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 368,530 shares of the financial services provider’s stock, valued at approximately $14,240,000. Deprince Race & Zollo Inc. owned approximately 0.97% of National Bank as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NBHC. Quarry LP grew 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 valued at $52,000 after buying an additional 391 shares in the last quarter. Royal Bank of Canada boosted its position in shares of National Bank by 34.3% in the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 6,052 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in shares of National Bank by 0.3% in the first quarter. Focus Partners Advisor Solutions LLC now owns 107,104 shares of the financial services provider’s stock valued at $4,099,000 after acquiring an additional 288 shares during the period. AQR Capital Management LLC grew its stake in National Bank by 97.2% during the first quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 12,962 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in National Bank by 1.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 161,730 shares of the financial services provider’s stock worth $6,189,000 after acquiring an additional 2,616 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

NBHC has been the subject of several analyst reports. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods increased their price objective on National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 17th. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research report on Monday, November 10th. 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

National Bank Stock Down 0.6%

NBHC opened at $38.87 on Monday. The business’s fifty day simple moving average is $37.66 and its 200 day simple moving average is $38.10. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $44.92. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.47 billion, a PE ratio of 12.30 and a beta of 0.81.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Thursday, August 14th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $102.07 million during the quarter. National Bank had a return on equity of 9.56% and a net margin of 20.50%. As a group, research analysts expect that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 28th. This is an increase from National Bank’s previous quarterly dividend of ($0.30). This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. National Bank’s dividend payout ratio (DPR) is 39.24%.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.