North Star Investment Management Corp. Makes New $862,000 Investment in National Bank Holdings Corporation $NBHC

North Star Investment Management Corp. acquired a new stake in shares of National Bank Holdings Corporation (NYSE:NBHC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 22,000 shares of the financial services provider’s stock, valued at approximately $862,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in shares of National Bank by 650.9% in the 3rd 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 period. Meeder Asset Management Inc. bought a new stake in shares of National Bank during the fourth quarter valued at approximately $48,000. Global Retirement Partners LLC purchased a new stake in National Bank in the fourth quarter worth $66,000. State of Wyoming purchased a new stake in National Bank in the fourth quarter worth $69,000. Finally, Quarry LP grew its stake in National Bank by 50.8% in the third quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 613 shares during the period. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Analysts Set New Price Targets

NBHC has been the subject of several recent research reports. Weiss Ratings raised National Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Bank in a research report on Wednesday, April 22nd. Piper Sandler upped 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. Finally, Wall Street Zen upgraded shares of National Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.20.

National Bank Stock Performance

National Bank stock opened at $44.40 on Tuesday. 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 market capitalization of $1.99 billion, a P/E ratio of 16.57 and a beta of 0.78. The stock’s 50 day moving average is $42.46 and its 200 day moving average is $40.92. National Bank Holdings Corporation has a twelve month low of $35.06 and a twelve month high of $45.41.

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

National Bank Announces Dividend

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