Deprince Race & Zollo Inc. Cuts Stake in National Bank Holdings Corporation $NBHC

Deprince Race & Zollo Inc. lessened its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062,271 shares of the financial services provider’s stock after selling 100,161 shares during the quarter. Deprince Race & Zollo Inc. owned 2.36% of National Bank worth $41,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of National Bank by 34.3% during the 1st quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock valued at $906,000 after buying an additional 6,052 shares during the period. AQR Capital Management LLC boosted its holdings in National Bank by 97.2% in the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 12,962 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in National Bank by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock valued at $844,000 after acquiring an additional 1,079 shares in the last quarter. Millennium Management LLC raised its stake in shares of National Bank by 2,057.9% during the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of National Bank by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock worth $3,611,000 after purchasing an additional 9,626 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

NBHC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Piper Sandler upped their price objective on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, DA Davidson restated a “buy” rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.20.

National Bank Stock Up 1.2%

NBHC stock opened at $44.97 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $40.98. The company has a market capitalization of $2.01 billion, a P/E ratio of 16.78 and a beta of 0.78. National Bank Holdings Corporation has a twelve month low of $35.06 and a twelve month high of $45.63.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is 47.76%.

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.