Y Intercept Hong Kong Ltd Purchases 39,848 Shares of National Bank Holdings Corporation $NBHC

Y Intercept Hong Kong Ltd increased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 97.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 80,567 shares of the financial services provider’s stock after acquiring an additional 39,848 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in National Bank were worth $3,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of National Bank by 131.3% during the second quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,927 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in National Bank by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 355 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in National Bank by 126.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 3,550 shares during the period. Strs Ohio acquired a new stake in National Bank in the 3rd quarter worth $282,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of National Bank during the 2nd quarter worth about $289,000. Institutional investors own 92.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens upgraded National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of National Bank in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

National Bank Price Performance

Shares of National Bank stock opened at $40.20 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $44.11. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.76 and a beta of 0.81. The firm’s 50-day moving average price is $39.00 and its two-hundred day moving average price is $38.39.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is a boost from National Bank’s previous quarterly dividend of ($0.30). This represents a $1.24 annualized dividend and a yield of 3.1%. National Bank’s payout ratio is currently 39.24%.

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.