Tudor Investment Corp ET AL Raises Position in National Bank Holdings Corporation $NBHC

Tudor Investment Corp ET AL lifted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 87.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,330 shares of the financial services provider’s stock after purchasing an additional 98,229 shares during the quarter. Tudor Investment Corp ET AL owned about 0.56% of National Bank worth $8,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its position in National Bank by 2.0% during the third quarter. Harbor Capital Advisors Inc. now owns 14,842 shares of the financial services provider’s stock worth $573,000 after buying an additional 291 shares during the period. Johnson Investment Counsel Inc. grew its holdings in National Bank by 5.7% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after buying an additional 353 shares during the period. Envestnet Asset Management Inc. grew its holdings in National Bank by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock valued at $224,000 after buying an additional 355 shares during the period. Amalgamated Bank increased its stake in shares of National Bank by 3.3% during the 3rd quarter. Amalgamated Bank now owns 11,168 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 357 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of National Bank by 2.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,487 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Insider Activity

In other National Bank news, insider John Steinmetz acquired 24,200 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was bought at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the transaction, the insider directly owned 536,504 shares of the company’s stock, valued at approximately $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. DA Davidson reaffirmed a “buy” rating and set a $48.00 price target on shares of National Bank in a research note on Thursday, February 19th. Finally, Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.25.

National Bank Stock Performance

National Bank stock opened at $38.01 on Tuesday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 13.34 and a beta of 0.79. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $42.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The stock’s 50-day moving average is $40.42 and its 200-day moving average is $38.92.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $99.08 million for the quarter, compared to analysts’ expectations of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same quarter in the previous year, the firm posted $0.86 EPS. Equities analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.32 per share. This is an increase from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, February 27th. National Bank’s payout ratio is presently 44.91%.

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.