National Bank Holdings Corporation $NBHC Stock: Leeward Investments LLC MA Cuts Stake

Leeward Investments LLC MA reduced its position in National Bank Holdings Corporation (NYSE:NBHC) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 479,837 shares of the financial services provider’s stock after selling 28,918 shares during the quarter. Leeward Investments LLC MA owned 1.08% of National Bank worth $18,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBHC. Illinois Municipal Retirement Fund boosted its position in shares of National Bank by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 19,816 shares of the financial services provider’s stock valued at $776,000 after buying an additional 300 shares during the period. Versant Capital Management Inc grew its stake in shares of National Bank by 108.7% during the third quarter. Versant Capital Management Inc now owns 887 shares of the financial services provider’s stock valued at $35,000 after buying an additional 462 shares during the last quarter. Nykredit A S purchased a new stake in shares of National Bank in the second quarter worth approximately $34,000. The Manufacturers Life Insurance Company raised its holdings in shares of National Bank by 5.0% in the first quarter. The Manufacturers Life Insurance Company now owns 17,405 shares of the financial services provider’s stock worth $682,000 after buying an additional 826 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of National Bank by 9.8% in the second quarter. Arizona State Retirement System now owns 11,407 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,020 shares during the period. 92.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NBHC shares. Zacks Research upgraded National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson cut their price objective on National Bank from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings lowered National Bank from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. Stephens downgraded National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research report on Thursday, August 6th. Finally, Piper Sandler decreased their target price on National Bank from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, National Bank currently has a consensus rating of “Hold” and a consensus price target of $44.67.

National Bank Price Performance

Shares of NBHC stock opened at $38.88 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $1.73 billion, a P/E ratio of 16.34 and a beta of 0.84. The company’s 50-day simple moving average is $40.13 and its two-hundred day simple moving average is $41.94. National Bank Holdings Corporation has a one year low of $35.06 and a one year high of $47.28.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a $0.32 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.3%. National Bank’s payout ratio is presently 53.78%.

National Bank Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company that operates through its principal subsidiary, NBH Bank. The company provides community banking services to businesses, individuals and institutions, with a focus on relationship-based banking and local market expertise.

NBH Bank offers a range of financial products and services, including commercial and small-business loans, consumer lending, residential real estate financing, business and personal deposit accounts, treasury management, online and mobile banking, and wealth management services.