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

Bank of Jackson Hole Trust bought a new stake in National Bank Holdings Co. (NYSE:NBHC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,075 shares of the financial services provider’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in National Bank by 36.1% during the third quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider’s stock worth $33,095,000 after buying an additional 208,303 shares during the period. Assenagon Asset Management S.A. acquired a new stake in National Bank in the fourth quarter valued at approximately $1,790,000. Squire Investment Management Company LLC acquired a new stake in National Bank during the third quarter worth approximately $4,496,000. Systematic Financial Management LP acquired a new stake in National Bank during the third quarter worth approximately $756,000. Finally, Leeward Investments LLC MA raised its holdings in National Bank by 64.2% during the third quarter. Leeward Investments LLC MA now owns 374,638 shares of the financial services provider’s stock worth $15,772,000 after purchasing an additional 146,494 shares in the last quarter. 92.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NBHC. Hovde Group cut shares of National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Monday, November 18th. Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of National Bank from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. DA Davidson boosted their target price on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Stephens boosted their target price on shares of 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 assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank currently has a consensus rating of “Hold” and a consensus price target of $51.40.

National Bank Stock Down 0.4 %

Shares of NYSE:NBHC opened at $42.93 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.95. National Bank Holdings Co. has a 1 year low of $32.13 and a 1 year high of $51.76. The stock has a market capitalization of $1.63 billion, a P/E ratio of 13.89 and a beta of 0.85. The stock has a 50-day simple moving average of $43.49 and a 200-day simple moving average of $43.65.

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

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, February 28th. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

About National Bank

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.