6,609 Shares in National Bank Holdings Co. (NYSE:NBHC) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new position in shares of National Bank Holdings Co. (NYSE:NBHC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,609 shares of the financial services provider’s stock, valued at approximately $246,000.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in National Bank by 2,352.0% during the third quarter. Quantbot Technologies LP now owns 4,904 shares of the financial services provider’s stock worth $146,000 after buying an additional 4,704 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in National Bank by 45.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after buying an additional 2,145 shares in the last quarter. Aigen Investment Management LP acquired a new stake in National Bank during the third quarter worth about $267,000. Teacher Retirement System of Texas acquired a new stake in National Bank during the third quarter valued at approximately $275,000. Finally, Arizona State Retirement System boosted its holdings in National Bank by 22.8% during the fourth quarter. Arizona State Retirement System now owns 10,545 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 1,956 shares in the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

National Bank Stock Up 2.4 %

Shares of NBHC opened at $34.79 on Wednesday. The company has a market capitalization of $1.31 billion, a P/E ratio of 9.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.95 and a quick ratio of 0.95. National Bank Holdings Co. has a one year low of $26.48 and a one year high of $38.71. The business’s 50 day simple moving average is $34.18 and its 200-day simple moving average is $34.07.

National Bank (NYSE:NBHC) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.84 by $0.03. The business had revenue of $107.23 million for the quarter, compared to the consensus estimate of $103.96 million. National Bank had a return on equity of 12.20% and a net margin of 25.40%. National Bank’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, sell-side analysts predict that National Bank Holdings Co. will post 3.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NBHC has been the topic of a number of recent research reports. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a report on Monday, March 18th. StockNews.com raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Piper Sandler lifted their price objective on National Bank from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, January 25th.

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.