Empowered Funds LLC Has $5.56 Million Position in National Bank Holdings Co. (NYSE:NBHC)

Empowered Funds LLC raised its stake in National Bank Holdings Co. (NYSE:NBHC - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,114 shares of the financial services provider's stock after acquiring an additional 6,220 shares during the period. Empowered Funds LLC owned 0.34% of National Bank worth $5,560,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NBHC. Principal Financial Group Inc. increased 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 worth $33,095,000 after acquiring an additional 208,303 shares during the period. Assenagon Asset Management S.A. acquired a new position in National Bank during the 4th quarter worth $1,790,000. SG Americas Securities LLC bought a new position in shares of National Bank in the third quarter worth $491,000. Squire Investment Management Company LLC acquired a new position in National Bank during the 3rd quarter valued at about $4,496,000. Finally, Systematic Financial Management LP acquired a new position in shares of National Bank during the third quarter valued at approximately $756,000. 92.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NBHC. DA Davidson boosted their price target on shares of National Bank from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Stephens lifted their target price on shares of National Bank from $46.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Hovde Group cut National Bank from an "outperform" rating to a "market perform" rating and set a $55.00 price target for the company. in a research note on Monday, November 18th. Piper Sandler boosted their price target on National Bank from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of National Bank from $47.00 to $52.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. One research 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, the company has a consensus rating of "Hold" and an average price target of $51.40.

National Bank Stock Performance

Shares of NBHC stock traded up $0.09 during mid-day trading on Friday, reaching $43.08. The stock had a trading volume of 152,661 shares, compared to its average volume of 183,083. The firm has a market cap of $1.64 billion, a PE ratio of 13.94 and a beta of 0.85. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76. The firm's 50 day simple moving average is $43.56 and its 200 day simple moving average is $43.61. 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 (NYSE:NBHC - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating 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, analysts forecast that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 28th. National Bank's payout ratio is currently 37.54%.

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.