Jefferies Financial Group Inc. Makes New Investment in National Bank Holdings Corporation $NBHC

Jefferies Financial Group Inc. purchased a new position in National Bank Holdings Corporation (NYSE:NBHC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,000 shares of the financial services provider’s stock, valued at approximately $950,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in National Bank by 1.1% in the 2nd quarter. State Street Corp now owns 1,718,009 shares of the financial services provider’s stock worth $64,614,000 after acquiring an additional 19,107 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock worth $44,184,000 after acquiring an additional 793,902 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in National Bank by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 964,261 shares of the financial services provider’s stock worth $37,259,000 after acquiring an additional 61,771 shares during the period. Leeward Investments LLC MA boosted its holdings in National Bank by 20.9% in the 4th quarter. Leeward Investments LLC MA now owns 534,211 shares of the financial services provider’s stock worth $20,305,000 after acquiring an additional 92,489 shares during the period. Finally, American Century Companies Inc. boosted its holdings in National Bank by 0.6% in the 3rd quarter. American Century Companies Inc. now owns 430,162 shares of the financial services provider’s stock worth $16,621,000 after acquiring an additional 2,413 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NBHC opened at $41.88 on Friday. The business’s 50 day moving average is $41.14 and its two-hundred day moving average is $40.06. 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 $1.88 billion, a price-to-earnings ratio of 15.63 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

National Bank (NYSE:NBHC) last announced its earnings results 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 prior year, the company posted $0.63 EPS. National Bank’s quarterly revenue was up 37.8% on a year-over-year basis. Analysts forecast that National Bank Holdings Corporation will post 3.51 EPS for the current fiscal year.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 29th. National Bank’s dividend payout ratio is currently 47.76%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NBHC shares. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 21st. Piper Sandler upped their target price on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.