Jacobs Asset Management LLC Has $7.03 Million Holdings in National Bank Holdings Corporation $NBHC

Jacobs Asset Management LLC lifted its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,000 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the quarter. National Bank accounts for 3.9% of Jacobs Asset Management LLC’s holdings, making the stock its 13th largest position. Jacobs Asset Management LLC owned 0.49% of National Bank worth $7,032,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NBHC. Aster Capital Management DIFC Ltd boosted its position in National Bank by 650.9% in the third quarter. Aster Capital Management DIFC Ltd now owns 796 shares of the financial services provider’s stock valued at $31,000 after buying an additional 690 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of National Bank during the fourth quarter valued at about $48,000. Global Retirement Partners LLC bought a new stake in shares of National Bank during the fourth quarter worth about $66,000. Quarry LP grew its position in National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of National Bank during the 4th quarter valued at approximately $69,000. 92.65% of the stock is owned by institutional investors.

National Bank Stock Performance

Shares of NYSE NBHC opened at $43.80 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. National Bank Holdings Corporation has a 12-month low of $35.06 and a 12-month high of $44.02. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.34 and a beta of 0.78. The firm has a 50 day moving average of $41.90 and a 200 day moving average of $40.46.

National Bank (NYSE:NBHC) last issued 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. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business had revenue of $126.78 million for the quarter, compared to the consensus estimate of $129.30 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, research analysts anticipate that National Bank Holdings Corporation will post 3.51 earnings per share for the current year.

National Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.9%. National Bank’s dividend payout ratio is presently 47.76%.

Analysts Set New Price Targets

A number of brokerages recently commented on NBHC. Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler raised 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. DA Davidson reissued a “buy” rating and issued a $46.00 price target on shares of National Bank in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.20.

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.