Hsbc Holdings PLC Buys 171,578 Shares of National Bank Holdings Corporation $NBHC

Hsbc Holdings PLC grew its position in shares of National Bank Holdings Corporation (NYSE:NBHC) by 1,188.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 186,020 shares of the financial services provider’s stock after purchasing an additional 171,578 shares during the quarter. Hsbc Holdings PLC’s holdings in National Bank were worth $7,071,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 purchasing an additional 690 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in National Bank during the fourth quarter worth about $48,000. Global Retirement Partners LLC purchased a new position in 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 stake in National Bank in the 4th quarter worth about $69,000. Institutional investors own 92.65% of the company’s stock.

Wall Street Analyst Weigh In

NBHC has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of National Bank from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $46.00 price target on shares of National Bank in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.20.

National Bank Trading Up 1.6%

Shares of NBHC opened at $45.24 on Friday. The business has a 50-day moving average of $42.39 and a 200 day moving average of $40.86. National Bank Holdings Corporation has a fifty-two week low of $35.06 and a fifty-two week high of $45.41. The firm has a market cap of $2.03 billion, a P/E ratio of 16.88 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95.

National Bank (NYSE:NBHC) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $126.78 million for the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a return on equity of 8.72% and a net margin of 17.14%.The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. As a group, research analysts forecast that National Bank Holdings Corporation will post 3.51 EPS for the current year.

National Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.32 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. National Bank’s dividend payout ratio (DPR) is presently 47.76%.

About National Bank

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.