Bessemer Group Inc. Has $5.66 Million Stake in National Bank Holdings Corporation $NBHC

Bessemer Group Inc. boosted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 42.6% in the first quarter, HoldingsChannel reports. The firm owned 144,522 shares of the financial services provider’s stock after acquiring an additional 43,200 shares during the period. Bessemer Group Inc.’s holdings in National Bank were worth $5,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NBHC. Meeder Asset Management Inc. acquired a new position in National Bank in the fourth quarter worth $48,000. Global Retirement Partners LLC acquired a new stake in shares of National Bank in the fourth quarter valued at $66,000. Quarry LP increased its stake in shares of National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares in the last quarter. State of Wyoming bought a new position in shares of National Bank in the fourth quarter valued at about $69,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of National Bank by 17.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after buying an additional 499 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Down 1.6%

Shares of NBHC opened at $45.73 on Tuesday. The stock’s fifty day simple moving average is $43.15 and its 200-day simple moving average is $41.49. The firm has a market capitalization of $2.05 billion, a PE ratio of 17.06 and a beta of 0.78. National Bank Holdings Corporation has a 12-month low of $35.06 and a 12-month high of $47.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

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

National Bank Dividend Announcement

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

Analyst Ratings Changes

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

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.