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

Bank of Jackson Hole Trust purchased a new stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in National Bank by 5.1% during the 4th quarter. Empowered Funds LLC now owns 129,114 shares of the financial services provider's stock worth $5,560,000 after buying an additional 6,220 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. bought a new stake in National Bank in the fourth quarter valued at approximately $981,000. KBC Group NV raised its holdings in National Bank by 82.5% in the fourth quarter. KBC Group NV now owns 2,389 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,080 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of National Bank during the fourth quarter worth $1,790,000. Finally, Principal Financial Group Inc. grew its holdings in shares of National Bank by 36.1% in the 3rd quarter. Principal Financial Group Inc. now owns 786,096 shares of the financial services provider's stock valued at $33,095,000 after buying an additional 208,303 shares during the period. Institutional investors and hedge funds own 92.65% of the company's stock.

National Bank Trading Down 1.8 %

NYSE NBHC traded down $0.76 on Friday, hitting $41.88. The company's stock had a trading volume of 263,283 shares, compared to its average volume of 177,785. The firm has a market cap of $1.59 billion, a PE ratio of 13.55 and a beta of 0.85. The company's 50-day moving average is $43.26 and its 200 day moving average is $43.66. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.08. National Bank Holdings Co. has a 1-year low of $32.13 and a 1-year high of $51.76.

National Bank (NYSE:NBHC - Get Free Report) last announced its earnings results 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%. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th. National Bank's dividend payout ratio is currently 37.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NBHC shares. Keefe, Bruyette & Woods raised their price target on National Bank from $47.00 to $52.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Stephens upped their price target on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Hovde Group downgraded National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price target on the stock. in a research note on Monday, November 18th. DA Davidson lifted their price target 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, Piper Sandler upped their price objective on National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, National Bank currently has an average rating of "Hold" and a consensus target price of $51.40.

National Bank Company 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.