Sei Investments Co. Increases Stake in National Bank Holdings Corporation $NBHC

Sei Investments Co. raised its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,005 shares of the financial services provider’s stock after buying an additional 18,785 shares during the quarter. Sei Investments Co. owned about 0.75% of National Bank worth $13,197,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NBHC. Meeder Asset Management Inc. purchased a new stake in National Bank during the 4th quarter valued at about $48,000. Global Retirement Partners LLC purchased a new position in National Bank in the 4th quarter worth approximately $66,000. State of Wyoming purchased a new position in National Bank in the 4th quarter worth approximately $69,000. Quarry LP boosted its holdings in shares of National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 499 shares during the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler lowered their price objective on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday. Weiss Ratings upgraded National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Stephens cut 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, July 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, National Bank has a consensus rating of “Moderate Buy” and a consensus price target of $46.80.

National Bank Stock Up 0.2%

NBHC stock opened at $42.63 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of 17.91 and a beta of 0.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97. The firm’s 50 day moving average price is $43.45 and its 200-day moving average price is $41.72. National Bank Holdings Corporation has a one year low of $35.06 and a one year high of $47.28.

National Bank (NYSE:NBHC) last issued its quarterly earnings data 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 business had revenue of $129.06 million during the quarter, compared to analysts’ expectations 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 was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities research analysts anticipate that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio is 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.