North Star Investment Management Corp. Invests $862,000 in National Bank Holdings Corporation $NBHC

North Star Investment Management Corp. purchased a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,000 shares of the financial services provider’s stock, valued at approximately $862,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NBHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in National Bank by 0.4% in the 4th 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 last quarter. Nisa Investment Advisors LLC boosted its stake in National Bank by 17.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 499 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of National Bank by 3.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 15,366 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 524 shares in the last quarter. Quarry LP increased its holdings in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of National Bank by 650.9% in the third 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 last quarter. Institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler lifted their price objective on National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson reissued a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.20.

National Bank Price Performance

Shares of NBHC opened at $44.40 on Tuesday. The firm has a market cap of $1.99 billion, a PE ratio of 16.57 and a beta of 0.78. 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 firm has a fifty day simple moving average of $42.46 and a two-hundred day simple moving average of $40.92. National Bank Holdings Corporation has a 1-year low of $35.06 and a 1-year high of $45.41.

National Bank (NYSE:NBHC) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company’s revenue was up 37.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, equities analysts anticipate that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. National Bank’s dividend payout ratio is currently 47.76%.

National Bank 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.