National Bank Holdings Corporation $NBHC Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its stake in National Bank Holdings Corporation (NYSE:NBHC) by 5.9% during the first quarter, Holdings Channel.com reports. The fund owned 337,005 shares of the financial services provider’s stock after acquiring an additional 18,785 shares during the period. Sei Investments Co.’s holdings in National Bank were worth $13,197,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Endeavour Capital Advisors Inc. bought a new position in shares of National Bank during the 4th quarter worth $6,659,000. Deprince Race & Zollo Inc. lifted its holdings in National Bank by 215.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after purchasing an additional 793,902 shares during the last quarter. SG Americas Securities LLC boosted its position in National Bank by 87.5% during the fourth quarter. SG Americas Securities LLC now owns 54,765 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 25,554 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of National Bank by 87.6% in the third quarter. Tudor Investment Corp ET AL now owns 210,330 shares of the financial services provider’s stock worth $8,127,000 after purchasing an additional 98,229 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of National Bank in the fourth quarter valued at approximately $950,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Stephens cut their price target on National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Piper Sandler reduced their price target on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, National Bank presently has a consensus rating of “Moderate Buy” and an average target price of $46.80.

National Bank Price Performance

National Bank stock opened at $42.63 on Friday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 17.91 and a beta of 0.78. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $43.45 and a 200 day simple moving average of $41.72. National Bank Holdings Corporation has a 52 week low of $35.06 and a 52 week high of $47.28.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The business had revenue of $129.06 million during the quarter, compared to analysts’ expectations of $135.08 million. During the same period in the previous year, the business earned $0.88 EPS. The business’s revenue was up 23.4% on a year-over-year basis. On average, research analysts forecast that National Bank Holdings Corporation will post 3.35 earnings per share for the current fiscal year.

National Bank Announces Dividend

The business also recently announced 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 3.0%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is currently 53.78%.

National Bank 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.