Deprince Race & Zollo Inc. Purchases 793,902 Shares of National Bank Holdings Corporation $NBHC

Deprince Race & Zollo Inc. boosted its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 215.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,162,432 shares of the financial services provider’s stock after buying an additional 793,902 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 3.07% of National Bank worth $44,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in National Bank by 336.6% during the 3rd quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock worth $2,178,000 after buying an additional 43,462 shares during the period. JPMorgan Chase & Co. lifted its holdings in National Bank by 62.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,916 shares of the financial services provider’s stock worth $8,961,000 after buying an additional 88,876 shares during the period. AlphaQuest LLC lifted its holdings in National Bank by 110.4% during the 3rd quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock worth $1,663,000 after buying an additional 22,583 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in National Bank by 97.9% during the 3rd 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. Finally, Assenagon Asset Management S.A. acquired a new position in National Bank during the 3rd quarter worth about $25,869,000. 92.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider John Steinmetz bought 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was acquired at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the transaction, the insider directly owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This represents a 4.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NBHC shares. Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Zacks Research raised National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen downgraded National Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler assumed coverage on National Bank in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $48.00 price objective on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $46.00 price objective on shares of National Bank in a research note on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.40.

National Bank Stock Performance

Shares of National Bank stock opened at $41.74 on Monday. National Bank Holdings Corporation has a one year low of $33.15 and a one year high of $42.99. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78. The business has a 50-day simple moving average of $40.20 and a 200 day simple moving average of $38.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). National Bank had a net margin of 18.66% and a return on equity of 8.65%. The firm had revenue of $99.08 million during the quarter, compared to the consensus estimate of $107.48 million. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.31. National Bank’s dividend payout ratio is presently 44.91%.

National Bank Company 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.