Bank of Jackson Hole Trust Invests $778,000 in National Bank Holdings Co. (NYSE:NBHC)

Bank of Jackson Hole Trust acquired a new position in shares of National Bank Holdings Co. (NYSE:NBHC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,075 shares of the financial services provider’s stock, valued at approximately $778,000.

Several other hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of National Bank by 5.1% during the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider’s stock worth $5,560,000 after acquiring an additional 6,220 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of National Bank during the 4th quarter worth approximately $981,000. KBC Group NV raised its holdings in shares of National Bank by 82.5% during the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 1,080 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of National Bank during the 4th quarter worth approximately $1,790,000. Finally, Principal Financial Group Inc. raised its holdings in shares of National Bank by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after acquiring an additional 208,303 shares in the last quarter. 92.65% of the stock is owned by hedge funds and other institutional investors.

National Bank Stock Down 0.4 %

NBHC stock opened at $42.93 on Wednesday. The firm’s fifty day simple moving average is $43.49 and its 200-day simple moving average is $43.65. The company has a market capitalization of $1.63 billion, a P/E ratio of 13.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94. National Bank Holdings Co. has a 12 month low of $32.13 and a 12 month high of $51.76.

National Bank (NYSE:NBHC) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, equities research analysts forecast that National Bank Holdings Co. will post 3.31 earnings per share for the current year.

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, February 28th. National Bank’s dividend payout ratio is presently 37.54%.

Wall Street Analysts Forecast Growth

NBHC has been the topic of several recent research reports. DA Davidson increased their price target on National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their price target on National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research report on Monday, November 18th. Piper Sandler raised their price objective on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Stephens increased their price target on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, National Bank has an average rating of “Hold” and a consensus target price of $51.40.

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.