Leeward Investments LLC MA Decreases Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Leeward Investments LLC MA lessened its stake in shares of National Bank Holdings Co. (NYSE:NBHC) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 348,611 shares of the financial services provider’s stock after selling 26,027 shares during the period. Leeward Investments LLC MA owned approximately 0.92% of National Bank worth $15,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB purchased a new stake in National Bank during the 4th quarter valued at $224,000. Bank of Jackson Hole Trust bought a new position in National Bank in the 4th quarter valued at $778,000. Empowered Funds LLC grew its position 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 acquiring an additional 6,220 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. bought a new position in National Bank in the 4th quarter valued at $981,000. Finally, KBC Group NV grew its position in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

NBHC opened at $41.88 on Friday. National Bank Holdings Co. has a 12-month low of $32.13 and a 12-month high of $51.76. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $43.17 and its 200-day simple moving average is $43.71. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.55 and a beta of 0.85.

National Bank (NYSE:NBHC) last posted 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 return on equity of 9.76% and a net margin of 19.82%. On average, equities research analysts anticipate that National Bank Holdings Co. will post 3.31 earnings per share for the current fiscal year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 2.77%. The ex-dividend date is Friday, February 28th. National Bank’s payout ratio is 37.54%.

Wall Street Analyst Weigh In

Several brokerages have commented on NBHC. Hovde Group downgraded National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research report on Monday, November 18th. Keefe, Bruyette & Woods upped their price objective on National Bank from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Bank has an average rating of “Hold” and an average target price of $51.40.

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.