Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,067 Shares of National Bank Holdings Co. (NYSE:NBHC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in National Bank Holdings Co. (NYSE:NBHC) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,924 shares of the financial services provider’s stock after acquiring an additional 1,067 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Bank were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of National Bank by 150.0% in the 3rd quarter. SG Americas Securities LLC now owns 25,089 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 15,054 shares during the last quarter. Teacher Retirement System of Texas bought a new position in National Bank in the third quarter valued at about $275,000. Victory Capital Management Inc. raised its stake in National Bank by 29.0% during the third quarter. Victory Capital Management Inc. now owns 18,533 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 4,162 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of National Bank by 353.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,893 shares of the financial services provider’s stock worth $6,008,000 after acquiring an additional 157,359 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of National Bank in the 3rd quarter valued at approximately $660,000. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Stock Performance

NYSE NBHC opened at $34.76 on Monday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.99 and a beta of 0.84. National Bank Holdings Co. has a twelve month low of $26.48 and a twelve month high of $38.71. The stock has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $34.25. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. National Bank had a return on equity of 11.20% and a net margin of 22.94%. The company had revenue of $149.43 million during the quarter, compared to the consensus estimate of $101.98 million. During the same period last year, the company earned $1.06 earnings per share. Sell-side analysts expect that National Bank Holdings Co. will post 3.13 EPS for the current year.

National Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.28 dividend. This is a positive change from National Bank’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.12 annualized dividend and a yield of 3.22%. National Bank’s payout ratio is presently 31.03%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NBHC. TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. StockNews.com downgraded shares of National Bank from a “hold” rating to a “sell” rating in a report on Sunday, April 28th. Hovde Group cut their price objective on National Bank from $45.00 to $40.50 and set an “outperform” rating on the stock in a report on Monday, April 29th. Piper Sandler upped their target price on National Bank from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $39.00 price target (down from $40.00) on shares of National Bank in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.63.

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.