Louisiana State Employees Retirement System Invests $703,000 in National Bank Holdings Co. (NYSE:NBHC)

Louisiana State Employees Retirement System acquired a new position in shares of National Bank Holdings Co. (NYSE:NBHC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,900 shares of the financial services provider’s stock, valued at approximately $703,000. Louisiana State Employees Retirement System owned 0.05% of National Bank at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP boosted its position in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in National Bank by 45.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,857 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 2,145 shares during the period. Mutual of America Capital Management LLC acquired a new stake in National Bank in the fourth quarter worth approximately $246,000. Aigen Investment Management LP acquired a new stake in National Bank in the third quarter worth approximately $267,000. Finally, Teacher Retirement System of Texas acquired a new stake in National Bank in the third quarter worth approximately $275,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Price Performance

Shares of NYSE:NBHC opened at $33.50 on Friday. National Bank Holdings Co. has a one year low of $26.48 and a one year high of $38.71. The stock has a fifty day moving average of $34.14 and a 200-day moving average of $34.11. The company has a market capitalization of $1.27 billion, a PE ratio of 9.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.91.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. National Bank had a return on equity of 11.20% and a net margin of 22.94%. The company had revenue of $149.43 million during the quarter, compared to the consensus estimate of $101.98 million. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, equities analysts anticipate that National Bank Holdings Co. will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NBHC shares. Piper Sandler upped their target price on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $39.00 target price (down from $40.00) on shares of National Bank in a research report on Friday. TheStreet downgraded National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Finally, StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.00.

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.