First Citizens Bank & Trust Co. Purchases Shares of 10,971 National Bank Holdings Corporation $NBHC

First Citizens Bank & Trust Co. purchased a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,971 shares of the financial services provider’s stock, valued at approximately $413,000.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in National Bank by 5.9% during the second quarter. Harbor Capital Advisors Inc. now owns 14,551 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 805 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in National Bank during the first quarter valued at about $536,000. Entropy Technologies LP bought a new stake in National Bank during the first quarter valued at about $313,000. Charles Schwab Investment Management Inc. boosted its holdings in National Bank by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 366,070 shares of the financial services provider’s stock valued at $14,009,000 after acquiring an additional 9,021 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in National Bank during the second quarter valued at about $289,000. 92.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NBHC has been the subject of a number of recent analyst reports. Hovde Group upgraded shares of National Bank from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a report on Thursday, September 18th. DA Davidson increased their target price on shares of National Bank from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 26th. Zacks Research raised shares of National Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Finally, Keefe, Bruyette & Woods increased their price target on shares of National Bank from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.33.

National Bank Price Performance

NBHC opened at $37.46 on Monday. The company has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $37.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.93 and a current ratio of 0.93. National Bank Holdings Corporation has a 52 week low of $32.83 and a 52 week high of $51.76. The firm has a market capitalization of $1.43 billion, a PE ratio of 11.85 and a beta of 0.75.

National Bank (NYSE:NBHC) last released its earnings results on Thursday, August 14th. The financial services provider reported $0.63 EPS for the quarter. National Bank had a net margin of 20.50% and a return on equity of 9.56%. The firm had revenue of $102.07 million during the quarter. As a group, analysts anticipate that National Bank Holdings Corporation will post 3.31 earnings per share for the current year.

National Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $-0.30 per share. This represents a ($1.20) dividend on an annualized basis and a yield of -3.2%. The ex-dividend date of this dividend was Friday, August 29th. National Bank’s payout ratio is currently 37.97%.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.