Kennedy Capital Management LLC Acquires 141,726 Shares of National Bank Holdings Corporation $NBHC

Kennedy Capital Management LLC increased its holdings in shares of National Bank Holdings Corporation (NYSE:NBHC) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,333 shares of the financial services provider’s stock after buying an additional 141,726 shares during the period. Kennedy Capital Management LLC’s holdings in National Bank were worth $19,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada increased its stake in National Bank by 34.3% in the first quarter. Royal Bank of Canada now owns 23,683 shares of the financial services provider’s stock valued at $906,000 after purchasing an additional 6,052 shares in the last quarter. AQR Capital Management LLC increased its stake in National Bank by 97.2% in the first quarter. AQR Capital Management LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 12,962 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in National Bank by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,066 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 1,079 shares in the last quarter. Millennium Management LLC increased its stake in National Bank by 2,057.9% in the first quarter. Millennium Management LLC now owns 199,453 shares of the financial services provider’s stock valued at $7,633,000 after purchasing an additional 190,210 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in National Bank by 11.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,367 shares of the financial services provider’s stock valued at $3,611,000 after purchasing an additional 9,626 shares in the last quarter. 92.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NBHC shares. Piper Sandler upped their target price on shares of National Bank from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, National Bank currently has an average rating of “Moderate Buy” and a consensus target price of $46.20.

National Bank Stock Up 2.1%

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

National Bank (NYSE:NBHC) last released 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. The company had revenue of $126.78 million during the quarter, compared to analysts’ expectations of $129.30 million. National Bank had a net margin of 17.14% and a return on equity of 8.72%. The business’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, equities research analysts anticipate that National Bank Holdings Corporation will post 3.51 EPS for the current fiscal year.

National Bank Announces Dividend

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

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.