JPMorgan Chase & Co. Has $8.96 Million Position in National Bank Holdings Corporation $NBHC

JPMorgan Chase & Co. grew its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 62.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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.’s holdings in National Bank were worth $8,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of National Bank by 2.0% during the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $573,000 after buying an additional 291 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in 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 acquiring an additional 353 shares in the last quarter. Amalgamated Bank boosted its position in National Bank by 3.3% during the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 357 shares during the period. Illinois Municipal Retirement Fund boosted its position in National Bank by 2.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 449 shares during the period. Finally, SG Americas Securities LLC grew its stake in National Bank by 6.5% during the 2nd quarter. SG Americas Securities LLC now owns 8,026 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were bought at an average price of $41.41 per share, for a total transaction of $1,002,122.00. Following the purchase, the insider directly owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

National Bank Stock Up 0.1%

NBHC opened at $37.98 on Monday. National Bank Holdings Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $42.99. The business has a 50-day moving average of $40.28 and a 200-day moving average of $38.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $1.71 billion, a PE ratio of 13.33 and a beta of 0.79.

National Bank (NYSE:NBHC) last announced 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). 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 posted $0.86 EPS. Equities research analysts forecast that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.32 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 27th. National Bank’s 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.