National Bank Holdings Corporation $NBHC Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 62.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,916 shares of the financial services provider’s stock after purchasing an additional 88,876 shares during the period. JPMorgan Chase & Co. owned 0.61% of National Bank worth $8,961,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in National Bank by 2.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 291 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of National Bank by 5.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock worth $255,000 after buying an additional 353 shares in the last quarter. Amalgamated Bank raised its stake in shares of National Bank by 3.3% in the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after buying an additional 357 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of National Bank by 2.2% in the third quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock valued at $792,000 after buying an additional 449 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of National Bank by 6.5% in the second quarter. SG Americas Securities LLC now owns 8,026 shares of the financial services provider’s stock valued at $302,000 after buying an additional 487 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National Bank

In other news, insider John Steinmetz bought 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were acquired at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the transaction, the insider directly owned 536,504 shares in the company, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by insiders.

National Bank Stock Performance

Shares of NYSE NBHC opened at $37.98 on Monday. The stock’s fifty day simple moving average is $40.28 and its 200 day simple moving average is $38.90. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.33 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. National Bank Holdings Corporation has a 52-week low of $32.83 and a 52-week high of $42.99.

National Bank (NYSE:NBHC) last announced its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.27). The company had revenue of $99.08 million for the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a net margin of 18.66% and a return on equity of 8.65%. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, sell-side analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share for the current fiscal year.

National Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.32 per share. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 27th. National Bank’s payout ratio is currently 44.91%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler assumed coverage on National Bank in a report on Wednesday, March 25th. They set an “overweight” rating and a $48.00 target price on the stock. DA Davidson reissued a “buy” rating and issued a $48.00 price target on shares of National Bank in a report on Thursday, February 19th. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Bank in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.80.

About National Bank

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.