Empowered Funds LLC Acquires 46,869 Shares of National Bank Holdings Corporation $NBHC

Empowered Funds LLC raised its holdings in National Bank Holdings Corporation (NYSE:NBHC) by 30.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,568 shares of the financial services provider’s stock after purchasing an additional 46,869 shares during the quarter. Empowered Funds LLC’s holdings in National Bank were worth $7,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of National Bank during the 4th quarter worth $48,000. Global Retirement Partners LLC acquired a new stake in National Bank in the fourth quarter valued at about $66,000. State of Wyoming bought a new position in National Bank in the fourth quarter valued at about $69,000. Quarry LP grew its position in National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 613 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in National Bank by 17.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 499 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

Analyst Ratings Changes

NBHC has been the subject of a number of research reports. Weiss Ratings raised shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Piper Sandler decreased their price target on shares of National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens cut their target price on shares of National Bank from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, National Bank currently has an average rating of “Moderate Buy” and an average price target of $46.80.

National Bank Stock Up 1.1%

Shares of NYSE NBHC opened at $43.04 on Friday. The company has a 50 day simple moving average of $43.47 and a 200 day simple moving average of $41.73. 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 1 year low of $35.06 and a 1 year high of $47.28. The firm has a market cap of $1.93 billion, a PE ratio of 18.08 and a beta of 0.78.

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 analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.06 million for the quarter, compared to the consensus estimate of $135.08 million. During the same period in the previous year, the firm earned $0.88 earnings per share. The company’s revenue was up 23.4% compared to the same quarter last year. On average, research analysts forecast that National Bank Holdings Corporation will post 3.35 EPS for the current year.

National Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued 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 was Friday, May 29th. National Bank’s 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.