6,570 Shares in National Bank Holdings Co. (NYSE:NBHC) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of National Bank Holdings Co. (NYSE:NBHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,570 shares of the financial services provider’s stock, valued at approximately $244,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in National Bank by 76.4% during the first quarter. JPMorgan Chase & Co. now owns 156,517 shares of the financial services provider’s stock worth $6,305,000 after purchasing an additional 67,805 shares during the period. Bank of New York Mellon Corp raised its stake in National Bank by 20.6% during the first quarter. Bank of New York Mellon Corp now owns 727,077 shares of the financial services provider’s stock worth $29,286,000 after purchasing an additional 123,952 shares during the period. Citigroup Inc. raised its stake in National Bank by 12.3% during the first quarter. Citigroup Inc. now owns 26,539 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 2,898 shares during the period. Natixis Advisors L.P. raised its stake in shares of National Bank by 5.2% in the 1st quarter. Natixis Advisors L.P. now owns 15,882 shares of the financial services provider’s stock valued at $640,000 after acquiring an additional 791 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of National Bank by 4.8% in the 1st quarter. Bank of Montreal Can now owns 20,429 shares of the financial services provider’s stock valued at $856,000 after acquiring an additional 943 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. TheStreet downgraded shares of National Bank from a “b” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Piper Sandler raised their target price on shares of National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th.

National Bank Price Performance

NBHC opened at $32.82 on Friday. The company has a fifty day simple moving average of $34.18 and a 200 day simple moving average of $33.93. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 8.82 and a beta of 0.84. National Bank Holdings Co. has a twelve month low of $26.48 and a twelve month high of $38.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $107.23 million during the quarter, compared to analyst estimates of $103.96 million. National Bank had a net margin of 25.40% and a return on equity of 12.20%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. Equities research analysts expect that National Bank Holdings Co. will post 3.33 EPS for the current fiscal year.

National Bank 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.