Louisiana State Employees Retirement System Buys Shares of 20,000 National Bank Holdings Corporation $NBHC

Louisiana State Employees Retirement System purchased a new stake in National Bank Holdings Corporation (NYSE:NBHC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the financial services provider’s stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Deprince Race & Zollo Inc. grew its stake in National Bank by 215.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,162,432 shares of the financial services provider’s stock valued at $44,184,000 after acquiring an additional 793,902 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of National Bank by 138.9% in the fourth quarter. AQR Capital Management LLC now owns 430,078 shares of the financial services provider’s stock valued at $16,347,000 after purchasing an additional 250,088 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of National Bank by 143.3% in the fourth quarter. Russell Investments Group Ltd. now owns 405,164 shares of the financial services provider’s stock valued at $15,400,000 after purchasing an additional 238,642 shares in the last quarter. Millennium Management LLC grew its position in shares of National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of National Bank by 146.3% in the third quarter. Two Sigma Investments LP now owns 304,987 shares of the financial services provider’s stock valued at $11,785,000 after purchasing an additional 181,137 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

Analysts Set New Price Targets

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

National Bank Stock Down 0.3%

National Bank stock traded down $0.14 during trading on Tuesday, reaching $44.37. 2,851 shares of the company’s stock were exchanged, compared to its average volume of 478,099. National Bank Holdings Corporation has a 52-week low of $35.06 and a 52-week high of $45.63. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 16.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50-day moving average is $42.69 and its two-hundred day moving average is $41.08.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The company had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. On average, analysts predict that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. National Bank’s dividend payout ratio (DPR) 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.