Public Sector Pension Investment Board Acquires 18,517 Shares of National Bank Holdings Corporation $NBHC

Public Sector Pension Investment Board raised its stake in National Bank Holdings Corporation (NYSE:NBHC) by 14.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,367 shares of the financial services provider’s stock after purchasing an additional 18,517 shares during the period. Public Sector Pension Investment Board’s holdings in National Bank were worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NBHC. New York State Common Retirement Fund increased its position in shares of National Bank by 336.6% during the third quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 43,462 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of National Bank by 110.4% during the third 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 in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of 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 valued at $3,113,000 after buying an additional 39,848 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of National Bank in the third quarter worth about $14,240,000. Finally, Assenagon Asset Management S.A. acquired a new position in National Bank during the third quarter worth about $25,869,000. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Down 0.5%

National Bank stock opened at $41.53 on Thursday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.57 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank Holdings Corporation has a twelve month low of $32.83 and a twelve month high of $43.08. The stock’s fifty day simple moving average is $40.21 and its 200-day simple moving average is $38.64.

National Bank (NYSE:NBHC) last posted its quarterly 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 firm had revenue of $100.64 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.86 EPS. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.1%. This is a positive change from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 27th. National Bank’s dividend payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz bought 24,200 shares of National Bank stock in a transaction dated 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 completion of the acquisition, the insider owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. This represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

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.