Hsbc Holdings PLC Buys 171,578 Shares of National Bank Holdings Corporation $NBHC

Hsbc Holdings PLC grew its stake in National Bank Holdings Corporation (NYSE:NBHC) by 1,188.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,020 shares of the financial services provider’s stock after buying an additional 171,578 shares during the period. Hsbc Holdings PLC owned 0.49% of National Bank worth $7,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd boosted its holdings in National Bank by 650.9% in the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 690 shares during the last quarter. Meeder Asset Management Inc. bought a new position in National Bank during the 4th quarter worth approximately $48,000. Global Retirement Partners LLC bought a new position in National Bank during the 4th quarter worth approximately $66,000. State of Wyoming acquired a new position in shares of National Bank in the 4th quarter worth approximately $69,000. Finally, Quarry LP lifted its position in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the period. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NBHC shares. DA Davidson reiterated a “buy” rating and set a $46.00 price objective on shares of National Bank in a research report on Wednesday, April 22nd. Piper Sandler boosted their target price on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Stock Up 1.6%

National Bank stock opened at $45.24 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.88 and a beta of 0.78. The firm’s fifty day moving average price is $42.39 and its two-hundred day moving average price is $40.86. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $45.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The company had revenue of $126.78 million during the quarter, compared to the consensus estimate of $129.30 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, equities research analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. National Bank’s dividend payout ratio is 47.76%.

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.