National Bank Holdings Corporation $NBHC Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of National Bank Holdings Corporation (NYSE:NBHC) by 62.1% in the 3rd quarter, Holdings Channel reports. The firm owned 231,916 shares of the financial services provider’s stock after acquiring an additional 88,876 shares during the quarter. JPMorgan Chase & Co.’s holdings in National Bank were worth $8,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in NBHC. Tower Research Capital LLC TRC boosted its position in National Bank by 131.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,395 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 1,927 shares during the period. Savant Capital LLC acquired a new stake in National Bank in the third quarter worth $211,000. Envestnet Asset Management Inc. increased its position in National Bank by 6.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,955 shares of the financial services provider’s stock worth $224,000 after buying an additional 355 shares during the period. Osaic Holdings Inc. lifted its stake in National Bank by 126.0% in the second quarter. Osaic Holdings Inc. now owns 6,367 shares of the financial services provider’s stock valued at $239,000 after buying an additional 3,550 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of National Bank by 5.7% during the third quarter. Johnson Investment Counsel Inc. now owns 6,592 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 353 shares during the period. Institutional investors own 92.65% of the company’s stock.

National Bank Stock Performance

NBHC opened at $40.24 on Friday. The business has a 50 day moving average price of $40.49 and a two-hundred day moving average price of $38.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.12 and a beta of 0.79. National Bank Holdings Corporation has a 1-year low of $32.83 and a 1-year high of $42.99.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.27). The firm had revenue of $99.08 million during the quarter, compared to the consensus estimate of $107.48 million. National Bank had a return on equity of 8.65% and a net margin of 18.66%.During the same period in the prior year, the firm posted $0.86 EPS. Research analysts predict that National Bank Holdings Corporation will post 3.31 EPS for the current fiscal year.

National Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.2%. This is a boost from National Bank’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, February 27th. National Bank’s dividend payout ratio (DPR) is presently 44.91%.

Insiders Place Their Bets

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was bought at an average cost of $41.41 per share, with a total value of $1,002,122.00. Following the acquisition, the insider owned 536,504 shares of the company’s stock, valued at $22,216,630.64. The trade was a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NBHC. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens raised shares of National Bank from an “equal weight” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of National Bank in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of National Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, DA Davidson reaffirmed a “buy” rating and set a $48.00 price target on shares of National Bank in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.25.

National Bank Company 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.