New York State Common Retirement Fund Boosts Stock Position in National Bank Holdings Corporation $NBHC

New York State Common Retirement Fund boosted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 336.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,373 shares of the financial services provider’s stock after purchasing an additional 43,462 shares during the period. New York State Common Retirement Fund owned about 0.15% of National Bank worth $2,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NBHC. Y Intercept Hong Kong Ltd lifted its holdings in National Bank by 97.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock worth $3,113,000 after buying an additional 39,848 shares during the period. Deprince Race & Zollo Inc. bought a new position in shares of National Bank in the 3rd quarter worth approximately $14,240,000. Assenagon Asset Management S.A. purchased a new position in shares of National Bank in the 3rd quarter valued at approximately $25,869,000. First Citizens Bank & Trust Co. bought a new stake in shares of National Bank during the second quarter valued at approximately $413,000. Finally, Endeavour Capital Advisors Inc. purchased a new stake in National Bank in the second quarter worth $1,568,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stephens raised National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 price objective for the company in a research report on Monday, November 10th. DA Davidson reiterated a “buy” rating and issued a $46.00 price target on shares of National Bank in a research note on Wednesday, January 28th. Zacks Research raised shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.75.

National Bank Trading Up 1.4%

Shares of NYSE NBHC opened at $41.80 on Monday. The firm’s 50 day moving average price is $39.70 and its 200-day moving average price is $38.45. National Bank Holdings Corporation has a 52-week low of $32.83 and a 52-week high of $44.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $1.58 billion, a PE ratio of 14.67 and a beta of 0.81.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $100.64 million during the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, equities research analysts expect that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.1%. National Bank’s dividend payout ratio is currently 43.51%.

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.