Mendon Capital Advisors Corp Buys New Position in National Bank Holdings Corporation $NBHC

Mendon Capital Advisors Corp purchased a new position in National Bank Holdings Corporation (NYSE:NBHC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 15,052 shares of the financial services provider’s stock, valued at approximately $589,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of National Bank by 34.3% in the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 6,052 shares during the last quarter. AQR Capital Management LLC raised its stake in National Bank by 97.2% during the 1st quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 12,962 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in National Bank by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 1,079 shares during the period. Millennium Management LLC grew its position in National Bank by 2,057.9% in the 1st quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock worth $7,633,000 after purchasing an additional 190,210 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in National Bank by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock worth $3,611,000 after purchasing an additional 9,626 shares during the last quarter. 92.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on NBHC shares. Piper Sandler upped their price target on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Bank in a research note on Wednesday, April 22nd. Stephens lowered their target price on National Bank from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday. Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of 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 issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

National Bank Stock Up 0.2%

National Bank stock opened at $43.40 on Monday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.24 and a beta of 0.78. The company’s 50 day simple moving average is $43.38 and its 200 day simple moving average is $41.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. National Bank Holdings Corporation has a fifty-two week low of $35.06 and a fifty-two week high of $47.28.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). The firm had revenue of $129.06 million during the quarter, compared to analyst estimates of $135.08 million. National Bank had a return on equity of 8.35% and a net margin of 15.11%.The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. As a group, sell-side analysts anticipate that National Bank Holdings Corporation will post 3.41 EPS for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 of this dividend was Friday, May 29th. National Bank’s payout ratio is presently 53.78%.

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.