National Bank Holdings Corporation $NBHC Position Trimmed by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 1,062,271 shares of the financial services provider’s stock after selling 100,161 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in National Bank were worth $41,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NBHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in National Bank by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,668 shares of the financial services provider’s stock worth $2,306,000 after acquiring an additional 252 shares during the period. Nisa Investment Advisors LLC boosted its stake 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 period. Harbor Capital Advisors Inc. boosted its stake in National Bank by 3.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 15,366 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 524 shares during the period. Quarry LP grew its holdings in shares of National Bank by 50.8% during the third 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 last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in shares of National Bank by 650.9% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 690 shares during the period. 92.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NBHC has been the topic of several recent research reports. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Piper Sandler raised their target price on National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, DA Davidson reissued 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.20.

National Bank Stock Performance

NBHC opened at $44.97 on Thursday. 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 business’s 50 day moving average is $42.55 and its 200-day moving average is $40.98. The stock has a market cap of $2.01 billion, a PE ratio of 16.78 and a beta of 0.78. National Bank Holdings Corporation has a twelve month low of $35.06 and a twelve month high of $45.63.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $126.78 million during the quarter, compared to analyst estimates of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share 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 2.8%. The ex-dividend date of this dividend was Friday, May 29th. National Bank’s dividend payout ratio (DPR) is 47.76%.

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.