Everence Capital Management Inc. Acquires New Position in National Bank Holdings Co. (NYSE:NBHC)

Everence Capital Management Inc. acquired a new stake in shares of National Bank Holdings Co. (NYSE:NBHC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 6,570 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NBHC. FMR LLC lifted its stake in National Bank by 78.9% in the third quarter. FMR LLC now owns 850 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 375 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in National Bank by 24.4% in the first quarter. Tower Research Capital LLC TRC now owns 2,005 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 393 shares during the last quarter. Captrust Financial Advisors lifted its stake in National Bank by 145.4% in the first quarter. Captrust Financial Advisors now owns 1,698 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,006 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in National Bank by 2,677.4% in the first quarter. Point72 Hong Kong Ltd now owns 1,722 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in National Bank by 27.2% in the second quarter. Ameritas Investment Partners Inc. now owns 3,044 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 650 shares during the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NBHC. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Piper Sandler boosted their price objective on shares of National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th.

National Bank Price Performance

Shares of National Bank stock opened at $32.82 on Friday. The firm has a fifty day simple moving average of $34.18 and a 200-day simple moving average of $33.93. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. National Bank Holdings Co. has a 1-year low of $26.48 and a 1-year high of $38.71. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.82 and a beta of 0.84.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million during the quarter, compared to analysts’ expectations of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. National Bank’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, sell-side analysts expect that National Bank Holdings Co. will post 3.33 earnings per share for the current year.

National Bank Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.