Horizon Investments LLC Makes New Investment in National Bank Holdings Corporation $NBHC

Horizon Investments LLC acquired a new position in National Bank Holdings Corporation (NYSE:NBHC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 15,661 shares of the financial services provider’s stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of National Bank by 1.1% during the 2nd quarter. State Street Corp now owns 1,718,009 shares of the financial services provider’s stock valued at $64,614,000 after buying an additional 19,107 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of National Bank by 215.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after buying an additional 793,902 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of National Bank by 6.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock valued at $37,259,000 after buying an additional 61,771 shares during the last quarter. American Century Companies Inc. lifted its position in shares of National Bank by 0.6% during the 3rd quarter. American Century Companies Inc. now owns 430,162 shares of the financial services provider’s stock valued at $16,621,000 after buying an additional 2,413 shares during the last quarter. Finally, Maltese Capital Management LLC lifted its position in shares of National Bank by 2.2% during the 3rd quarter. Maltese Capital Management LLC now owns 414,000 shares of the financial services provider’s stock valued at $15,997,000 after buying an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

NYSE:NBHC opened at $42.84 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. National Bank Holdings Corporation has a 52-week low of $35.06 and a 52-week high of $43.86. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 15.98 and a beta of 0.80. The business’s fifty day moving average is $40.52 and its 200 day moving average is $39.50.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million for the quarter, compared to analyst estimates of $129.30 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. Research analysts predict that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, May 29th. National Bank’s payout ratio is presently 47.76%.

Insider Activity

In related news, insider John Steinmetz acquired 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were bought at an average cost of $41.41 per share, for a total transaction of $1,002,122.00. Following the purchase, the insider owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NBHC shares. Weiss Ratings raised National Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. DA Davidson reaffirmed a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research report on Saturday. 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, National Bank presently has an average rating of “Moderate Buy” and a consensus target price of $46.20.

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.