Hsbc Holdings PLC Acquires 171,578 Shares of National Bank Holdings Corporation $NBHC

Hsbc Holdings PLC grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 1,188.0% during the 4th quarter, HoldingsChannel reports. The fund owned 186,020 shares of the financial services provider’s stock after buying an additional 171,578 shares during the period. Hsbc Holdings PLC’s holdings in National Bank were worth $7,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of National Bank during the 4th quarter valued at $48,000. Global Retirement Partners LLC bought a new position in National Bank in the 4th quarter worth about $66,000. State of Wyoming purchased a new position in National Bank during the 4th quarter valued at about $69,000. Quarry LP grew its holdings in National Bank by 50.8% during the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after buying an additional 613 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of National Bank by 17.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,283 shares of the financial services provider’s stock valued at $125,000 after buying an additional 499 shares during the period. 92.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

National Bank Price Performance

National Bank stock opened at $43.17 on Thursday. National Bank Holdings Corporation has a 52 week low of $35.06 and a 52 week high of $45.63. The business has a 50-day simple moving average of $42.72 and a 200 day simple moving average of $41.13. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 16.11 and a beta of 0.78.

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

National Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 29th. National Bank’s dividend payout ratio is 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.