Empowered Funds LLC Acquires 6,220 Shares of National Bank Holdings Co. (NYSE:NBHC)

Empowered Funds LLC grew its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,114 shares of the financial services provider’s stock after buying an additional 6,220 shares during the period. Empowered Funds LLC owned 0.34% of National Bank worth $5,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NBHC. Victory Capital Management Inc. lifted its holdings in National Bank by 56.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,846,741 shares of the financial services provider’s stock valued at $119,848,000 after purchasing an additional 1,021,829 shares during the last quarter. State Street Corp lifted its stake in shares of National Bank by 7.6% during the 3rd quarter. State Street Corp now owns 1,799,224 shares of the financial services provider’s stock worth $75,747,000 after buying an additional 126,796 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of National Bank by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 861,483 shares of the financial services provider’s stock worth $36,276,000 after buying an additional 9,723 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after buying an additional 208,303 shares during the period. Finally, Leeward Investments LLC MA grew its stake in National Bank by 64.2% in the 3rd quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock valued at $15,772,000 after buying an additional 146,494 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NBHC shares. DA Davidson raised their price objective on shares of National Bank from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a report on Monday, November 18th. Finally, Stephens boosted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Hold” and a consensus target price of $51.40.

National Bank Price Performance

National Bank stock opened at $43.88 on Wednesday. The stock’s fifty day moving average price is $43.90 and its two-hundred day moving average price is $43.61. The firm has a market cap of $1.67 billion, a PE ratio of 14.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76.

National Bank (NYSE:NBHC) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. As a group, research analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is presently 37.54%.

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.