Jackson Creek Investment Advisors LLC Purchases New Stake in National Bank Holdings Co. (NYSE:NBHC)

Jackson Creek Investment Advisors LLC acquired a new position in shares of National Bank Holdings Co. (NYSE:NBHC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 33,344 shares of the financial services provider’s stock, valued at approximately $1,436,000. Jackson Creek Investment Advisors LLC owned 0.09% of National Bank at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in National Bank by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,049 shares of the financial services provider’s stock worth $15,375,000 after buying an additional 1,562 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of National Bank in the 4th quarter worth approximately $224,000. Bank of Jackson Hole Trust purchased a new position in National Bank in the 4th quarter valued at approximately $778,000. Empowered Funds LLC increased its stake in National Bank by 5.1% in the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider’s stock valued at $5,560,000 after purchasing an additional 6,220 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in National Bank during the fourth quarter worth $981,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

Shares of NBHC opened at $39.98 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.94 and a beta of 0.85. 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 company’s 50 day simple moving average is $42.63 and its 200 day simple moving average is $43.75.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. National Bank had a return on equity of 9.76% and a net margin of 19.82%. On average, sell-side analysts predict that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.90%. National Bank’s dividend payout ratio is presently 37.54%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Hovde Group lowered 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. StockNews.com cut shares of National Bank from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods lifted 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.