Leeward Investments LLC MA Lowers Stock Position in National Bank Holdings Corporation $NBHC

Leeward Investments LLC MA reduced its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 519,920 shares of the financial services provider’s stock after selling 14,291 shares during the period. National Bank accounts for about 1.0% of Leeward Investments LLC MA’s holdings, making the stock its 29th biggest position. Leeward Investments LLC MA owned approximately 1.16% of National Bank worth $20,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its stake in National Bank by 650.9% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in National Bank during the fourth quarter worth $48,000. Global Retirement Partners LLC purchased a new position in National Bank in the fourth quarter worth $66,000. State of Wyoming purchased a new position in National Bank in the fourth quarter worth $69,000. Finally, Quarry LP grew its stake in National Bank by 50.8% in the 3rd 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 during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

National Bank Price Performance

Shares of NYSE NBHC opened at $44.07 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $42.22 and a two-hundred day simple moving average of $40.74. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $44.12. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 16.44 and a beta of 0.78.

National Bank (NYSE:NBHC) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm 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 earnings per share. The business’s revenue was up 37.8% on a year-over-year basis. Analysts anticipate that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Announces Dividend

The company 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. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 29th. National Bank’s payout ratio is currently 47.76%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NBHC. DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. Piper Sandler raised their price objective on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.