Empowered Funds LLC Has $5.56 Million Stock Position in National Bank Holdings Co. (NYSE:NBHC)

Empowered Funds LLC boosted its holdings in National Bank Holdings Co. (NYSE:NBHC) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,114 shares of the financial services provider’s stock after buying an additional 6,220 shares during the quarter. Empowered Funds LLC’s holdings in National Bank were worth $5,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. bought a new position in shares of National Bank in the third quarter worth about $71,000. KBC Group NV lifted its stake in National Bank by 82.5% in the 4th quarter. KBC Group NV now owns 2,389 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,080 shares during the last quarter. Atria Investments Inc bought a new position in National Bank in the 3rd quarter valued at approximately $202,000. FMR LLC boosted its position in National Bank by 359.7% in the third quarter. FMR LLC now owns 7,627 shares of the financial services provider’s stock valued at $321,000 after buying an additional 5,968 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of National Bank by 49.0% during the second quarter. AQR Capital Management LLC now owns 10,378 shares of the financial services provider’s stock worth $405,000 after buying an additional 3,415 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Price Performance

National Bank stock opened at $43.88 on Wednesday. The stock’s 50 day moving average is $43.90 and its 200 day moving average is $43.61. National Bank Holdings Co. has a one year low of $32.13 and a one year high of $51.76. The firm has a market cap of $1.67 billion, a P/E ratio of 14.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.94.

National Bank (NYSE:NBHC) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. National Bank had a net margin of 19.82% and a return on equity of 9.76%. As a group, research analysts expect that National Bank Holdings Co. will post 3.31 EPS for the current year.

National Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.64%. National Bank’s dividend payout ratio (DPR) is currently 37.54%.

Analyst Ratings Changes

A number of brokerages have recently commented on NBHC. Hovde Group cut National Bank from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research note on Monday, November 18th. Piper Sandler increased their target price on National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Stephens boosted their price target on National Bank from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. DA Davidson raised their price objective on shares of National Bank from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of National Bank from $47.00 to $52.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Bank presently has an average rating of “Hold” and a consensus price target of $51.40.

About National Bank

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.