Rafferty Asset Management LLC Buys 15,505 Shares of National Bank Holdings Corporation $NBHC

Rafferty Asset Management LLC increased its position in National Bank Holdings Corporation (NYSE:NBHC) by 41.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,608 shares of the financial services provider’s stock after buying an additional 15,505 shares during the quarter. Rafferty Asset Management LLC’s holdings in National Bank were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NBHC. New York State Common Retirement Fund boosted its position in shares of National Bank by 336.6% in the third quarter. New York State Common Retirement Fund now owns 56,373 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 43,462 shares during the period. AlphaQuest LLC raised its position in shares of National Bank by 110.4% during the 3rd quarter. AlphaQuest LLC now owns 43,045 shares of the financial services provider’s stock valued at $1,663,000 after purchasing an additional 22,583 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of National Bank by 97.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 80,567 shares of the financial services provider’s stock valued at $3,113,000 after buying an additional 39,848 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in National Bank in the 3rd quarter worth $14,240,000. Finally, Assenagon Asset Management S.A. bought a new position in National Bank in the 3rd quarter worth $25,869,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

NYSE:NBHC opened at $40.64 on Friday. The business’s 50-day moving average is $40.46 and its 200 day moving average is $38.91. National Bank Holdings Corporation has a 12 month low of $32.83 and a 12 month high of $42.99. The company has a market capitalization of $1.54 billion, a P/E ratio of 14.26 and a beta of 0.79. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $0.60 earnings per share (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 previous year, the firm earned $0.86 EPS. On average, equities research analysts forecast that National Bank Holdings Corporation will post 3.31 earnings per share 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. Investors of record on Friday, February 27th will be given a $0.32 dividend. This is a boost from National Bank’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, February 27th. National Bank’s dividend payout ratio (DPR) is presently 44.91%.

Analyst Ratings Changes

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

Insider Transactions at National Bank

In other National Bank news, insider John Steinmetz purchased 24,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were bought at an average price of $41.41 per share, with a total value of $1,002,122.00. Following the completion of the purchase, the insider directly owned 536,504 shares in the company, valued at $22,216,630.64. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.

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.