Leeward Investments LLC MA Reduces Stock Position in National Bank Holdings Corporation $NBHC

Leeward Investments LLC MA cut its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 2.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 519,920 shares of the financial services provider’s stock after selling 14,291 shares during the period. National Bank accounts for 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 29th largest holding. Leeward Investments LLC MA’s holdings in National Bank were worth $20,360,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NBHC. Aster Capital Management DIFC Ltd raised its holdings in National Bank by 650.9% during the 3rd 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 period. Meeder Asset Management Inc. bought a new position in shares of National Bank in the fourth quarter worth $48,000. Global Retirement Partners LLC bought a new position in shares of National Bank in the fourth quarter worth $66,000. Quarry LP boosted its holdings 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 worth $70,000 after acquiring an additional 613 shares during the period. Finally, State of Wyoming purchased a new position in shares of National Bank in the fourth quarter valued at $69,000. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NBHC. Wall Street Zen upgraded National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a report on Wednesday, April 22nd. Finally, Piper Sandler upped their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Stock Performance

NYSE NBHC opened at $44.07 on Wednesday. The company’s 50 day simple moving average is $42.22 and its two-hundred day simple moving average is $40.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.95. National Bank Holdings Corporation has a 1 year low of $35.06 and a 1 year high of $44.12. The stock has a market capitalization of $1.97 billion, a PE ratio of 16.44 and a beta of 0.78.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, beating 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 net margin of 17.14% and a return on equity of 8.72%. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share for the current fiscal year.

National Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 annualized dividend and a yield of 2.9%. National Bank’s dividend payout ratio (DPR) is currently 47.76%.

National Bank Company 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.