Mendon Capital Advisors Corp Takes $589,000 Position in National Bank Holdings Corporation $NBHC

Mendon Capital Advisors Corp acquired a new position in shares of National Bank Holdings Corporation (NYSE:NBHC) in the 1st quarter, Holdings Channel.com reports. The fund acquired 15,052 shares of the financial services provider’s stock, valued at approximately $589,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in National Bank in the 4th quarter worth $48,000. Global Retirement Partners LLC acquired a new stake in shares of National Bank in the 4th quarter valued at about $66,000. State of Wyoming bought a new stake in shares of National Bank in the fourth quarter valued at about $69,000. Quarry LP lifted 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 valued at $70,000 after purchasing an additional 613 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of National Bank by 17.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock worth $125,000 after buying an additional 499 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Performance

Shares of National Bank stock opened at $43.40 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.94 billion, a PE ratio of 18.24 and a beta of 0.78. The company has a 50 day moving average of $43.38 and a 200-day moving average of $41.65. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $47.28.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a net margin of 15.11% and a return on equity of 8.35%. The firm had revenue of $129.06 million during the quarter, compared to the consensus estimate of $135.08 million. During the same period last year, the business earned $0.88 earnings per share. The business’s revenue was up 23.4% compared to the same quarter last year. As a group, equities research analysts forecast that National Bank Holdings Corporation will post 3.41 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.32 dividend. 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 is presently 53.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NBHC. Stephens decreased their price target on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday. Piper Sandler upped their price objective on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. DA Davidson reissued a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, National Bank has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.